The crypto majors, including Bitcoin (BTC), have experienced a surge in the last 24 hours, indicating a promising start to a bullish year for the cryptocurrency market. Solana (SOL) has also seen a significant rise, surpassing the $200 mark and reaching an all-time high of $207.76. However, SOL may face resistance levels at $219, $246, and its previous all-time high of $264. In terms of support, $175 and the daily SMA 200 are expected to provide stability in the event of a price downturn. Several companies, such as VanEck, Grayscale, and Bitwise, are vying for a Solana ETF, with the SEC set to make a preliminary decision by the end of January. Investors believe an approved Solana ETF could provide a price boost that has yet to be fully reflected in the market.



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