Solana News Today: Solana Surpasses $200 as Cold Wallet Attracts $5.7M in Presale

The cryptocurrency market is showing renewed momentum, with Solana (SOL), Ondo (ONDO), and Cold Wallet ($CWT) drawing significant attention. Solana continues to build upward momentum, breaking above $200 and reinforcing bullish expectations. Analysts suggest that if the broader market remains supportive, the asset could test resistance levels as high as $220 and potentially reach $250. Key support levels remain intact around $160 to $166, with a decisive move above $172 to $180 seen as a critical trigger for further upside [1].

Ondo, meanwhile, appears to be stabilizing after a recent 6.2% correction, which analysts characterize as a healthy cooldown following a sharp rally. The asset remains above key technical markers such as the 50-day simple moving average near $0.84 and the 20-day exponential moving average at $0.98. The relative strength index (RSI) remains neutral, indicating a solid support structure that could facilitate renewed upward movement [2]. Analysts have set a price target of $1.75 for ONDO based on its current trajectory.

Cold Wallet has emerged as a strong contender in the early-stage token space, recently securing a listing on CoinMarketCap and raising over $5.7 million through its presale. The token is currently priced at $0.00942, with a confirmed launch price of $0.3517. This creates a potential 37x return from current levels, with some analysts suggesting even greater upside. The project distinguishes itself through its live cashback utility model, where users earn CWT through regular crypto activity, and its existing user base of 2 million from the Plus Wallet acquisition. The 150-stage presale model is viewed as a strategic approach to long-term market engagement, similar to early DeFi projects that saw 100x returns [3].

Cold Wallet’s real-world utility and active user base make it stand out in a market often dominated by speculative hype. The recent listing and strong presale traction have further solidified its position as a token with long-term potential. Analysts tracking utility-based tokens have positioned $CWT as one of the most promising plays for 2025 [4].

The broader market appears to be favoring assets with tangible utility and active ecosystems, a trend that aligns with Cold Wallet’s development model. With over 685 million tokens sold and a functioning cashback system already in place, the project offers a unique combination of early-stage investment potential and immediate real-world application [5].

Source: [1][2][3][4][5]

[1] CoinMarketCap Article 1 (https://coinmarketcap.com/community/articles/6893df75a6cc7553011eafdc/)