Solana Poised for a Potential 45% Surge Following SEC Decision
Solana’s price might be set for a significant 45% increase after the U.S. Securities and Exchange Commission (SEC) dismissed charges against Helium, a protocol utilizing the Solana blockchain. A prominent crypto trader has suggested that Solana could reach a price target of $180 in the near future, as various bullish indicators come into play. Currently, SOL is trading at $129, reflecting a 7.4% increase over the last 24 hours.
SEC Clears Helium, Boosting Solana’s Market Prospects
The SEC’s decision to drop charges against Helium has ignited a rally in Solana’s price. Helium transitioned to the Solana blockchain in 2023, and the lawsuit in question accused Nova Labs of breaching U.S. securities regulations through the issuance of the HNT token. This legal action was initiated in January 2025, shortly before the resignation of former SEC Chair Gary Gensler. The current SEC, known for its pro-crypto stance, has dismissed the case with prejudice, preventing any future litigation regarding Helium. This dismissal aligns with the SEC’s recent strategy to adopt a more favorable regulatory framework for the crypto sector. Helium’s founder praised the outcome, asserting that this victory is beneficial not just for the HNT token but for the broader ecosystem, stating, “Resolving this SEC issue is a significant achievement for the entire Helium community and other crypto projects that leverage hardware for their networks.” The dismissal has also contributed to the upward movement of Solana’s price, given that Helium operates on the Solana blockchain.
Prominent Trader Anticipates a 45% Rally in Solana’s Price
Ansem, a well-known trader in the cryptocurrency market, has expressed an optimistic forecast for Solana, predicting a substantial 45% rally towards $180. The trader presented a daily chart indicating that Solana’s price is currently situated within a multi-year support range of $121 to $121. If Solana manages to flip this support level, it may trigger a bullish reversal. Ansem noted that a decisive weekly close above $120 could initiate a rally towards $180 within weeks, potentially leading to new all-time highs.
Support for Bullish Sentiment on Solana’s Future
Another analyst, CryptoCurb, corroborated this optimistic view, highlighting that Solana’s price rally is supported by both solid technical analysis and strong fundamentals. “Many are significantly underestimating how far Solana can go. It is the first blockchain to achieve widespread global adoption,” he remarked. This bullish sentiment arises amidst speculation that Solana may surpass Ethereum in performance, possibly capturing half of ETH’s market capitalization. With factors such as a crypto-friendly SEC, increased buying activity bolstering critical support levels, and positive market sentiment, a 45% increase in Solana’s price appears plausible.
Frequently Asked Questions (FAQs)
Is it likely that Solana’s price will increase by 45% in the upcoming weeks? A leading trader asserts that SOL has effectively defended a crucial support zone, enhancing its chances for a rally. The recent SEC dismissal of charges against Helium Labs, which operates on the Solana blockchain, has contributed to Solana’s price surge. This dismissal is part of the SEC’s evolving pro-crypto policies, occurring shortly before Gary Gensler’s departure as SEC Chair.
