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Solana price hovers near $87 amid new SEC/CFTC crypto rules and cautious market sentiment

Market News
22 Mar 2026
Coingape
View Source
Bullish
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Solana's price is trading around $87 following a 3% drop amid broader market corrections and geopolitical tensions impacting Bitcoin and other cryptocurrencies. The SEC and CFTC issued a new regulatory framework classifying crypto tokens into five categories, clarifying that Solana is not automatically a security. Institutional inflows into Solana-related ETFs and record growth in DeFi assets signal renewed investor confidence. However, technical indicators suggest short-term bearish momentum, with key resistance at $90 and support at $85, making a $100 breakout possible if bullish momentum returns.

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