Solana's price surged on January 14, increasing over 6% to $188, aligning with positive trends across the cryptocurrency market as Bitcoin rose above $96,000. This bullish movement was largely driven by renewed market sentiment following Bitcoin's recovery from recent lows. Ether also saw a price increase of more than 2.85%. Additionally, growing optimism surrounding the upcoming inauguration of US President-elect Donald Trump on January 20 may be influencing market dynamics, with reports suggesting potential executive orders impacting cryptocurrencies. Solana also benefited from a rise in its memecoins, which saw significant gains, reflecting increased activity on its network. This resurgence in Solana's trading activity indicates heightened demand for SOL after it found support at key levels following a significant drop from its all-time high. Market analysts believe that sustaining above $150-$160 could lead to a further upward trajectory for Solana's price, with a breakout above $205 potentially pushing it closer to historical highs.

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