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The announcement of approval for the Solana 
$197 ETF has been confirmed by its issuing company. Now, new tariff announcements are coming from the Trump camp. Resolving ongoing uncertainty in the cryptocurrency space is crucial.
Progress in Tariff Negotiations
As of the time of writing, the Canadian Prime Minister announced progress in negotiations with the USA. Meanwhile, Trump made an announcement about Japan on his Truth Social account. It is likely that he extended his final tariff offer to Japan, similar to his previous approach with the European Union. According to a last-minute update from the EU, Trump’s tariff proposal was accepted, although certain exemptions are being discussed.
“I am trying to show people how spoiled countries have become against the United States. I have great respect for Japan, but they do not buy our rice, even though they face a significant rice shortage. We will just send them a letter and will be pleased to see them as our trade partner for many years.”
With the EU and Canada on board, a deal has been signed with China, and it was expected to be easier to resolve processes with countries like Japan. If this positive trend continues, the uncertainty surrounding tariffs will shift towards optimism in the risk markets.
Solana (SOL) on the Rise
SOL Coin has not yet fully absorbed the ETF news. If, as expected, an ETF listing on the US exchange is announced officially within just a few hours, an upward trend might commence. Given the critical timing with tariff announcements, it’s not surprising that the SOL Coin price remains static.
SOL Coin is targeting $168, and significant movement will start when this level is surpassed. The price range of $182-188 is likely to be surpassed with considerable volume resulting from the ETF entries’ positive impact. If successful, Solana investors could soon witness the $203 resistance being reached. In the long term, with an optimistic outlook, the scenario entails surpassing the $297 ATH level and reaching a four-digit peak. Such a scenario depends significantly on substantial demand from hedge funds for the ETF. In the short to medium term, the scope of tariff agreements will shape SOL Coin’s trajectory.
