In the wake of Donald Trump's Sunday announcement about a US cryptocurrency reserve, Solana experienced a strong rally but has since lost those gains, now trading below pre-announcement levels.
This Solana price prediction analyzes whether it’s a good time to buy $SOL or if traders might secure a better entry point by waiting. We also explore the potential of Solaxy, the first Solana Layer 2 blockchain.
White House Crypto Summit in 3 Days – The Next $SOL Catalyst?
Donald Trump revealed five cryptocurrencies to form the US crypto reserve: Bitcoin, Ethereum, Solana, XRP, and Cardano.
Though each saw immediate gains post-announcement, traders have since taken profits due to the lack of concrete plans for reserve implementation. Prices have retreated to pre-announcement levels as the market awaits confirmation.
The release timeline, however, may already be set. The White House will host its first crypto summit this Friday, where "prominent founders, CEOs, and investors from the crypto industry" will gather, according to Crypto Czar David Sacks.
While it’s unclear whether Trump will disclose further details about the reserve, this event presents a prime opportunity. If he unveils plans, it could mark a pivotal moment for Solana and other named assets. Anticipating US government buying pressure, traders and institutions may rush to invest, potentially triggering a crypto gold rush starting Friday.
Yet, Solana’s price chart remains a critical factor: Is it poised for a rebound, or will it test lower support levels first?
$SOL Shows Strength at Key Support Zone
Noted crypto analyst Trader SZ highlighted a crucial pattern on Solana’s price chart.
The $130 level marked Q3 2023’s bottom before $SOL’s ascent to all-time highs (ATH). Trader SZ observed this level regaining significance, with Solana briefly losing it before rebounding strongly and now holding above it.
👉 Trader SZ identified $198 and $264 as mid and high targets, suggesting these could be key price objectives if $130 holds.
Analyst Crypto Knight also emphasized $130 as pivotal, predicting a retest followed by a full recovery post-reserve announcement.
With explosive upside potential and US crypto reserve details pending, Solana is primed for a breakout. A rally past $200—and even toward Trader SZ’s $264 target—could unfold in the coming weeks.
This Solana Altcoin Could Deliver Massive Returns
While traders eye 2x gains for Solana, Solaxy, a new Solana Layer 2 blockchain, is gaining traction in its presale.
The project addresses Solana’s congestion issues, which cause delays and failed transactions during peak activity. By offloading computations and bundling transactions, Solaxy aims to make the ecosystem faster, cheaper, and more reliable.
Demand is surging, with the presale already raising $248,000. Industry commentators like RJ from Cryptonews predict it’s "going to explode."
With Solana’s $69B market cap dwarfing Solaxy’s sub-$250K raise, $SOLX could revolutionize the ecosystem—and potentially reach billions in valuation.
FAQs
1. Is Solana a good investment after dropping to $135?
Yes, if it holds the $130 support level. Historical data and analyst targets suggest strong rebound potential.
2. What’s driving Solana’s price volatility?
Trump’s US crypto reserve announcement sparked initial gains, but uncertainty caused profit-taking.
3. How does Solaxy improve Solana’s network?
It reduces congestion via off-chain computation and transaction bundling, enhancing speed and reliability.
4. When is the next Solana price catalyst?
The White House crypto summit this Friday could reveal reserve plans, potentially triggering a rally.
5. What’s Solaxy’s presale price?
Currently $0.001652, but prices increase periodically during the ICO.
6. Can Solana reach $264 again?
Analysts like Trader SZ believe it’s possible if $130 support holds and macro conditions improve.
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