Solana price is set for a potential 45% rally, according to a top crypto trader, following the recent news of the SEC dropping charges against Helium, a protocol running on the SOL blockchain. The lawsuit filed against Helium alleged violations of US securities laws related to the issuance of the HNT token. However, the SEC has now dismissed the case with prejudice, marking a significant victory for Helium and the entire crypto ecosystem.
The dismissal of charges has sparked gains for Solana price, which is the blockchain on which Helium operates. Currently trading at $124 with a 5% gain in 24 hours, Solana has the potential to rally further, supported by optimistic market sentiment and recent positive developments. With the SEC outlining a more crypto-friendly approach to regulation, the market outlook for Solana looks promising.
Top crypto trader Ansem has shared a bullish forecast for Solana price, predicting a 45% rally to $180 in the near future. Ansem’s analysis indicates that SOL is consolidating within a multi-year support zone and a breakout above $120 on the weekly chart could trigger a bullish reversal. Another analyst, CryptoCurb, also supports this bullish outlook, highlighting Solana’s strong fundamentals and global adoption potential.
There is growing speculation that Solana could outperform Ethereum and potentially reach half of ETH’s market capitalization. With catalysts like the SEC’s pro-crypto stance, strong buying activity, and positive sentiment in the market, Solana price is poised for significant growth. The recent dismissal of charges against Helium has further boosted confidence in the SOL ecosystem, paving the way for a potential rally in the coming weeks.
Overall, Solana’s price outlook appears optimistic, with key technical and fundamental factors aligning in favor of a bullish trend. As the crypto market continues to evolve, Solana’s performance and potential for growth remain strong, making it an attractive asset for investors looking to capitalize on the current market conditions. With a potential 45% rally on the horizon, Solana price may soon reach new highs and establish itself as a leading player in the blockchain industry.
