Theoretically, the pattern drives a long U-shaped recovery followed by a temporary pullback to regain bullish momentum. In the last two days, the SOL price teased an upside breakout from the neckline resistance at $60-$65.

The cryptocurrency market heated up at the beginning of 2025, with Solana (SOL) indicating a strong possibility of a big rally. In addition, Rexas Finance (RXS), an emerging coin at $0.175, is quickly gaining popularity as the next top crypto.

Solana (SOL) fluctuated throughout 2024 despite moderate gains on the whole, though its performance was underwhelming when compared with other major blockchains, many of whom saw 300% gains as the market expanded.

Crypto markets saw wild price swings on Monday during Donald Trump's inauguration ceremony as heightened excitement turned to disappointment

Analysts at Bernstein acknowledged the wackiness of the TRUMP token launch, but said that it signals a new era for crypto regulation.

By Elizabeth Howcroft, Rae Wee and Michelle Conlin PARIS/SINGAPORE (Reuters) - The crypto project connected to President Donald Trump, World Liberty Financial, raised $1 billion in token sales, the company said on Monday,