- SOL rebounded from $96.13 to $98.72 after the expected Fed increase.
- A sustained $105 close could confirm a bull flag toward $130.
- SEC relief opens tokenized stock trading under five-year conditions.
Solana price rebounded from $96.13 to $98.72 after the Federal Reserve delivered its expected 25-basis-point rate increase. SOL held the $95-$96 support zone despite a hawkish policy signal. Traders now see $100 as the first recovery test. A sustained close above $105 could confirm a bull flag breakout toward $130.
Solana Price Holds Key Support After Federal Reserve Hike
Analyst Ella said SOL briefly moved above $103 before falling to $95.70 after the failed CLARITY Act vote. The token later touched $96.13 around the Fed decision and recovered to $98.72.
Its rebound outpaced Bitcoin and Ether, showing relative strength despite tighter monetary conditions. However, $100 remains unfinished resistance. A move above that level would repair part of the earlier breakdown.
Losing $96 could invalidate the bounce and return focus to $95. That floor absorbed recent selling, making it central to the short-term recovery structure.
SEC Stock Token Relief Adds Fuel to Solana Price Outlook
The SEC issued a temporary five-year exemption for platforms trading tokenized US stocks on blockchains. Reuters reported eligible tokens must carry the same dividend and voting rights as traditional securities. Synthetic products that only track stock prices are excluded.
Platforms must notify companies before listing tokenized versions of their shares. They cannot proceed if an issuer objects. Liquidity providers also receive temporary relief from dealer registration requirements.
The five-year window gives regulators time to observe market activity before adopting permanent rules. It may encourage round-the-clock trading and faster settlement.
The exemption is blockchain-neutral and does not guarantee activity will settle on Solana. Still, its high throughput and existing tokenized-asset ecosystem could help it compete for new issuance. The development follows the Senate setback for broader crypto market legislation.
Ali Martinez identified a bull flag on the four-hour setup. Solana price must secure a sustained $105 close before the pattern becomes actionable. That confirmation would expose $130, roughly 24% above the trigger level.
Before then, SOL must reclaim $100 and preserve $96 support. Solana price remains vulnerable if macro pressure reverses the post-Fed bounce.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
