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Highlights
- Solana price may be on the verge of a 45% rally according to top crypto trader Ansem.
- Per Ansen, SOL needs to make a decisive close above $120 on the weekly chart to kickstart a multi-week rally to $180.
- SOL price is gaining today after the SEC dismissed charges against Solana-based protocol, Helium.
Solana price may be on the verge of a massive 45% rally after the SEC dropped charges against Helium, a protocol created on the SOL blockchain. According to a top crypto trader, Solana may reach the $180 price target in the coming weeks as several bullish signals align.
At press time, SOL trades at $129 with a 7.4% gain in 24 hours.
SEC Drops Charges Against Top SOL Protocol
The SEC has dropped charges against Helium, which has sparked a Solana price rally. Helium is a protocol that migrated to the SOL blockchain in 2023. The lawsuit in question alleged that Nova Labs violated US securities laws by issuing the HNT token.
The lawsuit was filed in January 2025 just before the resignation of the former SEC Chair Gary Gensler. The current pro-crypto SEC has now dismissed the case with prejudice, which means that the regulator cannot file a similar cause against Helium in the future. The move comes shortly after the SEC outlined a new approach to regulating the crypto industry.
Helium’s founder also hailed the company’s victory saying that the dismissal would bode well for the HNT token and the entire ecosystem. He opined,
“Putting this SEC matter behind us is a huge win for the entire Helium community, as well as other crypto projects which use hardware to build their networks.”
The dismissal has also stirred gains for Solana price, which is the blockchain atop which Helium is built.
Top Trader Forecasts 45% Solana Price Rally to $180
One of the top traders in the crypto space, Ansem has shared a bullish Solana price forecast and predicted that the altcoin may be on the verge of a massive 45% rally towards $180.
The analyst shared a Solana daily timeframe chart showing that the SOL price was hovering between a multi-year support zone of between $121 and $121. Flipping this zone could spark the start of a bullish reversal.
Ansem added that if Solana can close above $120 decisively on the weekly chart, it will kickstart a 45% rally to $180 within weeks. Once it hits $180, it may lead to fresh all-time highs.
Another analyst, CryptoCurb, supported this bullish outlook saying that Solana price will rally not only because of a bullish technical outlook but also robust fundamentals.
“People are grossly underestimating how high Solana will go. Solana is the first blockchain that is being globally adopted at scale.”
This bullish view comes amid speculation that Solana will outperform Ethereum and possibly attain half of ETH’s market capitalization. With catalysts like a crypto-friendly SEC, buying activity that has helped SOL defend critical support and positive sentiment, Solana price may post a 45% gain.
Frequently Asked Questions (FAQs)
1. Can Solana price rally by 45% in the coming weeks?
2. Why is SOL gaining today?
3. Why did the SEC dismiss charges against Solana protocol Helium Labs?
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