The post Solana Price Hits All-Time High Amid Strong Bullish Momentum appeared on BitcoinEthereumNews.com.

Solana (SOL) price just broke a new all time high, reaching $268.75 on January 18th, 2025. The cryptocurrency has surged by over 16% in the past 24 hours. The TRUMP Effect on Solana’s Price Surge A major driver of Solana’s recent price surge is the TRUMP token on the Solana blockchain. The meme coin was initially announced by former U.S. President Donald Trump on his Truth Social platform, and the currency quickly took over the world of cryptocurrencies. In just the first three minutes of trading, the $TRUMP token saw it exceed $14.5 billion in market cap, $1 billion in trading volume and immediately rose 300%. Not only did the Solana price experience a spike but this extraordinary debut of TRUMP token made Solana more visible and led to the increase in demand of the SOL tokens, which have also risen. SOL Price Performance: Breaking Records Currently, the price of Solana (SOL) is trading at $255.75 with a 16.33% increase in price over the past 24 hours. 1-day SOL trading chart| Coinmarketcap Meanwhile, SOL hit a new all time high of $268.75, taking out key resistance levels during this period. The token has retraced by 2.71% from its peak but is on a strong bullish trajectory. – Advertisement – Solana’s price has moved between $216.20 and the record breaking high as investor activity and bullish sentiment rained throughout the day. Thankfully, Solana’s market capitalization has registered an impressive 15.78% increase over the past 24 hours to $124.44 billion. That rise is a statement of growing investor faith in Solana’s potential and ecosystem growth. Trading activity has had a huge spike too, reaching 24-hour trading volume of $17.68 billion, a 244.06% increase. Technical Analysis: Bullish Momentum Sustains On the daily chart of Solana, a breakout from a descending triangle pattern confirms…

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Filed under: News - @ January 18, 2025 8:11 pm