Geopolitical tensions may drive investors to traditional safe-haven assets, impacting cryptocurrency markets and regional economic stability. The post Bitcoin tumbles, gold surges after Israeli air raids on Iran, Israeli PM warns strikes will last as many days as needed appeared first on Crypto Briefing.

Bitcoin tumbles, gold surges after Israeli air raids on Iran, Israeli PM warns strikes will last as many days as needed

After a volatile but bullish start to June, Solana (SOL) is now facing strong 
selling pressure amid rising global uncertainty. The sudden escalation in the 
Middle East—triggered by Israel’s recent strike on Iran—has sparked market- 
wide volatility, prompting a flight to safety and a pullback across risk 
assets. Solana, which had been showing momentum alongside Bitcoin and 
Ethereum, has dropped over 15% since June 11, erasing much of its early-month 
gains. Related Reading: Ethereum Repeats History – Key Support Holds Again 
Ahead Of Potential Rally As macro risks continue to rise, the altcoin market 
remains vulnerable to further downside. SOL is now approaching a critical 
technical level, and a breakdown could signal deeper losses if global tensions 
persist. Top analyst Cheds shared a technical analysis revealing that Solana 
is now re-testing a key daily demand zone, a level that previously supported 
bullish continuation. If this area fails to hold, Solana could revisit lower 
support levels seen earlier this year. For now, traders are watching closely 
to see if buyers step in to defend the zone or if further conflict will fuel 
more risk-off behavior. The next few days will be critical in determining 
whether SOL can bounce or if the broader market downturn intensifies. Solana 
Re-Tests Key Support As Market Tensions Mount Solana is standing below key 
levels, retracing after a brief rally attempt earlier this week. The asset had 
spent several days consolidating beneath the $170 level, failing to break 
above resistance as selling pressure intensified amid rising global tensions. 
Now, with the broader market on edge following the Israel–Iran conflict 
escalation, SOL finds itself back at a critical support zone. Bulls remain 
cautiously optimistic, encouraged by the broader market’s resilience and the 
potential for Bitcoin and Ethereum to regain strength. However, caution 
dominates sentiment as Solana, like most altcoins, still trades significantly 
below its all-time high near $260. The current environment of geopolitical 
risk and macroeconomic uncertainty has suppressed momentum in the altcoin 
space, making support levels all the more important. Cheds highlighted in a 
recent update that Solana is now re-testing a key daily demand zone around the 
$145 level. This zone has previously acted as a launchpad for bullish moves, 
and holding above it could provide the structure needed for a new leg higher. 
However, failure to maintain this level might open the door for further 
downside, with the next major support below $130. For now, all eyes are on how 
Solana reacts around $145. A solid bounce with increased volume could attract 
short-term buyers looking to ride a potential recovery. But with global 
markets rattled by uncertainty, the coming sessions will be crucial in 
determining whether this demand zone becomes a springboard—or a trapdoor. 
Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls 
Defend This Level? SOL Price Analysis: Re-Test of Support as Volatility Spikes 
Solana is currently trading at $145.24 after an aggressive drop from the 
$165–$170 range. The 4-hour chart shows a clear breakdown below all key moving 
averages (50, 100, and 200), which had previously served as dynamic support. 
The red 200 SMA at $165.33 now acts as overhead resistance, capping short-term 
recovery attempts. The recent sell-off—triggered by broader geopolitical 
tensions in the Middle East—pushed SOL straight into a key demand zone around 
$143–$145, where buyers have historically stepped in. The long lower wick from 
today’s candle reflects strong intraday buying at these levels, suggesting 
that some participants see this as a value zone. However, volume remains 
elevated, and the structure appears fragile. Any failure to hold $145 could 
open the door to a deeper retracement toward the $130 region. On the flip 
side, reclaiming the 100 SMA at $157.46 would be an early sign of renewed 
bullish momentum. Related Reading: Solana Forms Higher Low: Charging Toward 
Range Highs? Momentum indicators likely remain oversold, and if the broader 
market stabilizes, this level could mark a temporary bottom. Still, with 
volatility high and macro uncertainty looming, traders may want to stay 
cautious until a clear direction emerges. For now, $145 is the line in the 
sand. Featured image from Dall-E, chart from TradingView

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