Solana holds the $100 support level as market participants weigh the impact of rising interest rates against potential regulatory clarity from the SEC.
Solana is holding above $100 after recovering from a post-Fed dip, and SEC comments suggest a supportive regulatory environment, keeping the near-term outlook bullish.
Solana (SOL) rebounded to the $100 level following a brief dip triggered by the Federal Reserve's latest interest rate hike. Despite the shelving of the Clarity Act, reassuring comments from the SEC regarding regulatory certainty have bolstered investor sentiment, keeping the token's near-term outlook bullish.
The price dipped to $96 due to hawkish comments from Fed official Kevin Warsh, who emphasized the central bank's commitment to curbing inflation through potential further rate hikes.
The $100 mark serves as a critical support threshold; maintaining this level is essential to prevent a deeper correction toward $90.