{"id":441649,"date":"2026-11-05T18:40:16","date_gmt":"2026-11-05T11:40:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/solana-rallies-as-republicans-midterm-loss-raises-hopes-of-us-iran-war-ending-441649\/"},"modified":"2026-11-05T18:40:16","modified_gmt":"2026-11-05T11:40:16","slug":"solana-rallies-as-republicans-midterm-loss-raises-hopes-of-us-iran-war-ending","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/solana-rallies-as-republicans-midterm-loss-raises-hopes-of-us-iran-war-ending-441649\/","title":{"rendered":"Solana rallies as Republicans’ midterm loss raises hopes of US-Iran war ending"},"content":{"rendered":"
\n

Solana rebounded strongly yesterday after the
\n Democrats won both the House and the Senate in the US midterm elections.<\/p>\n

It looks like the market believes the Republicans\u2019
\n loss will force Trump to seek an exit from the Iran war, eventually supporting
\n economic growth and risk appetite as energy prices sink.<\/p>\n

That\u2019s also what we saw in the oil market
\n yesterday, as prices dropped quickly after US Vice President Vance blamed the
\n war with Iran for the loss in the midterm elections. His post on X reinforced
\n market expectations that the Trump administration could seek an off-ramp from
\n the conflict rather than escalate the war.<\/p>\n

Keep in mind, though, that Trump can legally
\n continue military operations against Iran even if Democrats control both the
\n House and the Senate. So, it’s not that simple to force Trump out of the war,
\n and the final decision still rests with Trump. But for now, this seems to be
\n the scenario the market is betting on.<\/p>\n

Looking ahead, the focus will remain on US-Iran
\n negotiations. A diplomatic breakthrough would likely support Solana through
\n improving growth expectations and stronger risk appetite, especially given its
\n higher-beta characteristics. An escalation, on the other hand, could trigger
\n another selloff as growth concerns intensify and investors rotate towards
\n safe-haven assets.<\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can see that Solana<\/a>is trading near the major upward trendline. We can expect the sellers
\n to lean on the trendline, with a defined risk above it, to target a break below
\n the upward trendline. The buyers, on the other hand, will want to see the price
\n breaking higher to increase the bullish bets into the 148.00 handle next, with
\n the 113.00 level as the first target.<\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n

\n

On the 4 hour chart, there\u2019s not much we can add
\n here as the sellers will have a better risk to reward setup around the downward
\n trendline, while the buyers will need a breakout to extend the rally into new
\n highs, or a bounce around the major upward trendline.<\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we
\n have a minor support zone around the 94.00 handle where the price got rejected
\n from several times in the past days. If we get a pullback, we can expect the
\n buyers to step in around the support, with a defined risk below it, to target a
\n break above the major downward trendline. The sellers, on the other hand, will
\n look for a break lower to increase the bearish bets into new lows, targeting a
\n break below the major upward trendline. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we get the latest US Jobless Claims figures. Tomorrow, we conclude the
\n week with the US NFP report and the University of Michigan Consumer sentiment
\n survey. <\/p>\n

\u00a0<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Solana rebounded strongly yesterday after the Democrats won both the House and the Senate in the US midterm elections. It looks like the market believes the Republicans\u2019 loss will force Trump to…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441649","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441649"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}