As of January 23, 2025, Solana (SOL) is trading at $244.36, slightly down from its recent intraday high of $270.39.Regulatory developments, including the formation of a cryptocurrency task force, could positively impact Solana's price.The recent launch of the TRUMP meme coin on Solana has increased attention on the platform.Analysts highlight the $260 resistance level as critical for SOL's bullish trend towards $300 and higher.