Solana Price Poised for Significant 45% Surge Following SEC Charges Dismissal Against Helium
The price of Solana appears to be on the brink of a substantial rally, potentially climbing 45% after the U.S. Securities and Exchange Commission (SEC) dropped its charges against Helium, a protocol developed on the Solana blockchain. A prominent crypto trader has suggested that Solana could reach a target of $180 in the near future, fueled by several positive market indicators. As of the latest updates, Solana (SOL) is trading at $129, reflecting a 7.4% increase over the past 24 hours.
SEC Dismisses Charges Against Leading Solana Protocol
The SEC’s decision to dismiss charges against Helium has ignited a rally in Solana’s price. Helium transitioned to the Solana blockchain in 2023, and the lawsuit that was filed alleged that Nova Labs had breached U.S. securities regulations by issuing the HNT token. This legal action was initiated in January 2025, shortly before the resignation of former SEC Chair Gary Gensler. The current, pro-crypto SEC has now dismissed the case with prejudice, meaning they cannot refile similar charges against Helium in the future. This development follows the SEC’s recent announcement of a new strategy for regulating the cryptocurrency sector. The founder of Helium expressed optimism regarding the decision, stating that it is a significant victory for the Helium community and other crypto projects that utilize hardware to establish their networks. Additionally, this news has positively impacted Solana’s price, as it serves as the underlying blockchain for Helium.
Leading Trader Predicts 45% Surge in Solana’s Price to $180
Prominent crypto trader Ansem has projected an optimistic price outlook for Solana, forecasting a potential 45% increase toward $180. The analyst pointed to a daily chart of Solana, indicating that the price has been fluctuating within a crucial multi-year support range between $121 and $121. A successful breakout from this range could signal the start of a bullish trend. Ansem emphasized that if Solana can maintain a decisive weekly close above $120, it could trigger the anticipated 45% rally to $180 within weeks, possibly paving the way for new all-time highs.
Support for Bullish Predictions from Other Analysts
Another analyst, CryptoCurb, echoed this bullish sentiment, asserting that Solana’s price will rise not only due to favorable technical indicators but also strong underlying fundamentals. He remarked, “People are significantly underestimating how high Solana is capable of climbing. Solana is the first blockchain to achieve global adoption on a large scale.” This optimistic outlook arises amid speculation that Solana could surpass Ethereum and capture a significant portion of its market capitalization. With the backing of a crypto-friendly SEC, increased buying activity, and positive market sentiment, Solana’s price may indeed achieve the projected 45% growth.
Frequently Asked Questions (FAQs)
Analysts predict a potential 45% increase in Solana’s price in the upcoming weeks. A notable trader highlighted that SOL has successfully maintained a critical support level, enhancing the likelihood of a rally. Today’s price gains for Solana are attributed to the SEC’s dismissal of charges against Helium Labs, a protocol operating on the Solana blockchain. The charges were dismissed as part of the SEC’s shift towards a more crypto-friendly stance, occurring just before Gary Gensler’s resignation as SEC Chair.
