The cryptocurrency market experienced volatility as Bitcoin appeared to have a false breakout from $100,000. While most major altcoins struggled to recover, Solana's price showed resilience and the potential for a breakout. This bullish sentiment can be attributed to former president Donald Trump's decision to appoint David O. Sacks, a known Solana supporter, as the White House crypto czar. Sacks, who is a prominent figure in the tech and cryptocurrency sectors, will be responsible for developing a legal framework to support the growth of the cryptocurrency industry in the United States. His endorsement of Solana and his pro-crypto stance could create a more crypto-friendly regulatory environment, benefiting Solana and the entire web3 industry. The Solana price experienced a notable pullback in the past two weeks but rebounded from a key support level, indicating the potential for a bullish reversal. The chart setup suggests an active demand pressure and a potential breakout from $222, which could drive the price towards the $300 barrier. However, if sellers defend the resistances at $246 to $264, the price could enter a sideways trend or undergo a correction.



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