Solana Breaks Resistance and Aims for New Records in 2025

• Solana breaks downtrend and reclaims critical levels.
• Network records 66,9 million daily transactions.
• $230 level is key to new records.

Solana (SOL) has started 2025 with a remarkable performance, registering a 12% appreciation and reaching the $210 level. This movement marks the break of a daily downtrend that had been ongoing since the cryptocurrency's last all-time high. The recovery has sparked optimism in the market, especially amid a scenario of general strengthening among altcoins.

At the time of publication, the price of Solana was listed at US$217,22, up 5.5% in the last 24 hours.

Technical analyst Jelle noted that Solana has not only broken out of the downtrend but has also reclaimed critical support levels on the weekly and monthly charts. Furthermore, the asset has returned to trading above its 50-day exponential moving average, cementing a bullish structure in the short term. These technical signals suggest that the cryptocurrency may be gearing up for a longer upward trajectory.

$ SOL also looks ready for the next leg higher against ETH.

Time to be a maxi again. pic.twitter.com/Z05fYcnfNi

— Jelle (@CryptoJelleNL) January 3, 2025

The current price of $210 plays a crucial role for Solana. Converting this resistance into solid support could pave the way for the next target of $230, which many analysts consider to be a trigger point for a more aggressive rally. If this level is reached and held, the blockchain could set new all-time highs amid a broader bull market.

In addition to its price performance, Solana is also showing strength in terms of adoption and network activity. The blockchain recently processed an impressive 66,9 million transactions in a single day, outperforming all major blockchains combined in the same period. This level of efficiency and scalability has caught the attention of developers and investors alike, cementing the network’s position as a leader in decentralized solutions.

The growing popularity of initiatives such as the launch of the Pudgy Penguins project’s native token, PENGU, has contributed to the increase in activity on the network. Solana’s ability to support high transaction volumes reinforces its reputation as a high-performance blockchain, especially in the Web3 application space.

As the cryptocurrency continues its positive momentum, investors’ attention turns to the next resistance levels and the broader market performance. Solana is positioned as one of the top promises of 2025, with growth potential driven by solid fundamentals and robust metrics.