Solana has been gaining traction and excitement from crypto investors as it successfully moves past its previous slump. The coin's price rose above the crucial $202 mark, prompting optimism in the market. This resurgence has highlighted Solana as one of the favorite digital assets.
SOL recorded a 10% price surge on January 2, kicking off 2025 with optimism. Currently, Solana trades at $209.22, up 3.5% in 24 hours and 10% within a week. The rise followed a brief consolidation period, restoring investor confidence.
Some analysts view Solana's rise to $208 as a key milestone, citing it as crucial for further recovery. The next target for SOL is $220, eventually aiming for $245, which would mark a significant recovery.
Much of the renewed interest in Solana is due to the possibility of a Solana exchange-traded fund (ETF) gaining SEC approval. This sentiment has been fueled by rumors and speculation, with chances of an approval now pegged at 65%.
Source: www.newsbtc.com ↗