Solana Price Surge: 45% Rally Predicted
Solana (SOL) is experiencing a price surge, fueled by the SEC's recent dismissal of charges against Helium, a protocol that migrated to the Solana blockchain in 2023. This development, coupled with bullish technical analysis, has led prominent crypto traders to predict a significant price rally.
SEC Dismisses Charges Against Helium
The SEC dropped charges against Helium, previously accused of violating US securities laws regarding its HNT token. This dismissal, coming after the SEC outlined a new approach to crypto regulation, is considered a major win for the Helium ecosystem and the broader Solana network. The case was filed in January 2025, just before the resignation of former SEC Chair Gary Gensler.
Helium's founder celebrated the victory, highlighting its positive implications for the HNT token and other projects using hardware to build their networks. The dismissal has already triggered a Solana price rally.
45% Solana Price Rally Predicted
Prominent crypto trader, Ansem, forecasts a 45% rally for Solana, potentially reaching a price target of $180 in the coming weeks. This prediction is supported by a daily timeframe chart showing SOL hovering near a multi-year support zone of $121-$124. A decisive weekly close above $120 could trigger this bullish reversal.
Analyst CryptoCurb shares Ansem's bullish sentiment, emphasizing Solana's strong fundamentals and widespread adoption as additional catalysts for growth. This positive outlook comes amid speculation that Solana could outperform Ethereum, potentially capturing half of its market capitalization.
Frequently Asked Questions (FAQs)
- Q: How much could the Solana price rally?
A: One top trader predicts a 45% rally in the coming weeks. - Q: What triggered the recent Solana price increase?
A: The SEC's dismissal of charges against Helium, a protocol built on the Solana blockchain. - Q: What is the significance of the SEC's decision?
A: It reflects the SEC's shifting approach to crypto regulation, potentially creating a more favorable environment for blockchain projects.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Conduct thorough research before investing in cryptocurrencies. Codeum is not liable for any personal financial losses.
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