Solana has jumped by 11% in the past 24 hours, with its rally back to $159 coming after US President Donald Trump mentioned SOL as one of the coins likely to gain entry in a potential crypto strategic reserve.
The coin’s move to $159 means that it has recovered by 25% since hitting a five-month low of $127 on Friday, although it remains down by 30% in the last 30 days.
Yet Trump’s explicit inclusion of Solana in his support for a crypto reserve highlights the coin’s long-term potential, with its fundamentals remaining as strong as ever.
With its platform looking forward to key updates this year, and with markets hoping for an end to recent tariff issues, the long-term price prediction for Solana continues to be highly promising.
Trump's ‘Crypto Strategic Reserve' Names Solana – Can SOL Reach $10,000?
Trump published two posts on TruthSocial over the weekend, in which he reiterated his support for a federal cryptocurrency reserve.
The difference between this and earlier statements is that he mentioned several tokens by name, including XRP, Solana and Cardano (a follow-up post also mentioned Bitcoin and Ethereum).
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