The Solana (SOL) price has been charging higher since the start of 2025, bolstered by a broader rally in crypto markets, positive technical developments, and even headlines on Friday suggesting the Solana blockchain has already achieved quantum resistance.Last around $217, the Solana price has now broken above its downtrend from its mid-November highs.
If it can also get above its 50DMA at $220, the door is open for a swift push higher towards $260.
Solana Price Breaks Higher, Eyes $260 ATH Retest
Crypto markets are likely to retain positive momentum ahead of incoming pro-crypto US President Donald Trump’s arrival in the White House on January 20th.
The Trump administration is the most pro-crypto in history, and looks set to kickstart a new golden era for the US crypto industry and broader markets.
That’s a complete 180 swivel from the outgoing Biden administration, which, a long with its anti-crypto allies in the SEC, have done everything they can to harm the industry and crypto markets.
The Solana price is likely to remain heavily bid on any dips in the coming weeks as investors anticipate a bumper year of growth for crypto markets in 2025.
Things could really go into overdrive if the Trump administration and Congress do push hard for the establishment of a strategic Bitcoin reserve, which would lift the entire c#BIOOnBinance #BinanceAlphaAlert $SOL
rypto market.