In the past 24 hours, top cryptocurrencies have seen significant growth as they enter an anticipated bullish year. For instance, Bitcoin (BTC) surpassed $96,000 and recovered from last week’s dip. Solana (SOL) also started 2025 strong with an 11% growth, breaking the psychological barrier of $200. Currently trading around $206.8, SOL has shown a 12% growth since the beginning of 2025. The daily trading volume for this cryptocurrency has surpassed $3.6 billion with a 25% increase. Crossing the $200 resistance marks a powerful start for Solana in 2025, yet the path ahead may still pose challenges. Currently, Solana’s first resistance is at $219, aligned with the 50-day Simple Moving Average. Following that, $246 and the historical peak of $264 are considered next obstacles. Conversely, in case of a price decrease, $175 and the 200-day Simple Moving Average may provide support. Notably, major companies like VanEck, Grayscale, and Bitwise are competing to launch Solana ETFs. The U.S. Securities and Exchange Commission (SEC) is expected to announce its initial decision on these requests by the end of January 2025. According to Polymarket data, there is a 77% estimated chance of approval and launch of Solana ETFs this year, which crypto investors see as a potential driver for SOL price increase. Visit the digital currencies’ live price page to monitor token and cryptocurrency prices in real-time.
