๐ซ ๐๐๐ญ๐ญ๐ข๐ง๐ ๐ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐จ๐ง๐ ๐๐จ๐ซ ๐๐๐๐Solana. ($SOL ) has started the new year on a bullish note, capturing the attention of cryptocurrency investors with its impressive recovery. Following a notable rally, SOL breached the $202 mark, signaling renewed confidence in one of the marketโs most dynamic altcoins. The surge comes as the broader crypto market gears up for potential catalysts, with Solana emerging as a standout performer.
On January 2, $SOL recorded a 10% gain, outpacing Ethereum in year-to-date performance. The digital asset climbed to $209.22, reflecting a 3.5% increase over 24 hours and a 10% rise over the week, according to market data. After a brief period of consolidation, Solanaโs upward momentum has reignited investor optimism, reaching an intraday high of $209.35 while holding firm above the $188 support level. With a market capitalization exceeding $100.7 billion, analysts suggest that this price action reflects a shift in sentiment, as confidence continues to build among traders.
Looking ahead, Solanaโs ability to shatter the critical $202 resistance level has fueled predictions of further gains. Market experts foresee SOL targeting $220 in the short term, with the potential to reclaim its all-time high of $245 if bullish momentum persists. Such progress, they note, would significantly bolster investor morale and reinforce a positive outlook for the coinโs trajectory.
A key factor driving Solanaโs resurgence is speculation surrounding a potential exchange-traded fund (#ETF ) approval by the U.S. Securities and Exchange Commission (SEC). Many believe that such an approval could act as a powerful catalyst for SOLโs price growth. The Polymarket platform currently assigns a 65% probability of SEC approval by July 31, 2025, up from earlier estimates of 50%. If confirmed, the ETF approval could further solidify Solanaโs position as a leading cryptocurrency and attract greater institutional interest.