Markets

Top Trader Forecasts 45% Solana Price Rally as SEC Drops Charges Against SOL 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.

Top Trader Forecasts 45% Solana Price Rally as SEC Drops Charges Against SOL Protocol Helium
SOL/USDT: 1-day Chart

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)

Solana price can rally by 45% in the coming weeks. According to one top trader, SOL has successfully defended a critical support zone, making it more likely that it will rally.

Solana price is gaining today after the SEC dismissed charges against Helium Labs, a protocol running on the Solana blockchain.

The SEC dismissed charges against Helium Labs as part of the pro-crypto changes happening at the commission. The case was shortly before Gary Gensler resigned as the SEC Chair.

✓ Share:

muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button