Over the weekend, a major announcement shook the cryptocurrency world, directly tied to Donald Trump's administration. He revealed that five leading cryptocurrencies—Bitcoin, Ethereum, Ripple, Solana, and Cardano—will be included in the formation of the U.S. national reserve.

Following this groundbreaking news, the prices of these cryptocurrencies surged, driven by this fundamental catalyst. Among them, one stands out with particularly strong bullish signals, making it a compelling buying opportunity.

Daily time frame analysis

SOLUSD - 1 Day Time Frame

Solana started the year strong, once again surpassing its previous peak. However, since the end of January, the initial euphoria has faded, with the price dropping below its October 2024 low. During this pullback, a key resistance zone was formed—one that we’ve repeatedly highlighted in our analyses as a critical level for buy entries.

The recent news played a crucial role in confirming this setup. The price successfully broke and closed above the resistance zone, which, when combined with the initial Sell-Side Liquidity (SSL) sweep, establishes a strong technical foundation for long positions.

Solana price target

To maximize profit potential while managing risk effectively, traders can focus on three key factors.

The protective Stop Loss could be set below the internal low, as indicated on the attached chart, ensuring downside protection.

The orange resistance zone remains a critical reference point. If the price closes below its lower boundary on the daily timeframe, the probability of trade success may decline significantly. In this case, it could be wise to sell part of the position to minimize potential losses.

To lock in gains, partial profit-taking could be executed whenever the price exceeds the Buy-Side Liquidity level, as shown on the chart. This increases the likelihood of steady profit realization while keeping the remaining position open for further upside potential.

By following these principles, traders can effectively navigate Solana’s price movements, optimizing their risk-to-reward ratio while positioning themselves for a potential new all-time high.