Major cryptocurrencies are showing significant growth at the start of 2025, with a notable highlight on Solana (SOL), which has surpassed the $200 mark.
Solana's Sharp Rise
Solana began 2025 on a high note, rising by 11% in the last 24 hours, surpassing the $200 mark. SOL reached intraday highs of $207.76, marking a 12% rise since the start of the year.
Trading Levels and Resistance
Solana's surge above $200 marks a solid start to the year, but it faces resistance levels ahead. The first major resistance is projected at $219, which coincides with the daily SMA 50, followed by $246 and the all-time high of $264. In case of a downturn, support is forecasted at $175 and daily SMA 200.
Solana ETF Prospects
An increasing number of companies are bidding for a Solana ETF, including VanEck, Grayscale, and others. The US Securities and Exchange Commission is reviewing these applications, with a preliminary decision expected by the end of January 2025.
Solana shows steady growth at the start of 2025, making it a topic of discussion and expectation in the market, especially in light of potential ETF launches.
