With the onset of 2025, Solana’s price has been on an upward trend due to favorable market trends and technological advancements like quantum resistance. Recently priced at approximately 217 USD, it’s aiming to overcome its 50-day moving average set at 220 USD, potentially setting the stage for a rally to 260 USD.
The anticipated pro-crypto stance of the incoming Trump administration may further boost the momentum in crypto markets. Expectations of supportive policies could lift both Bitcoin and Solana, with potential strategic Bitcoin reserves possibly driving demand. Solana’s HIGH sensitivity to market risk appetite suggests a possibility for significant gains.
While Solana shows promise, it’s also subject to external risks. The Federal Reserve’s monetary policies could limit liquidity, impacting crypto markets. Any faltering in the new administration’s support for cryptocurrencies might lead to market corrections. Historical performance suggests Solana could see gains up to 5x, reaching 1,000 USD.