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Solana price climbs above $120 amid Fed stablecoin rule review, eyes $122-$124 resistance zone.

Market News
25 Sep 2026
Blockonomi
View Source
Bullish
Solana price climbs above $120 amid Fed stablecoin rule review, eyes $122-$124 resistance zone.

Solana's price surged past $120, reaching $122.18, driven by ETF buying and short liquidations, as the Federal Reserve opened public comment on new stablecoin issuer regulations under the GENIUS Act. These proposals set reserve, capital, and risk management standards for supervised issuers but do not regulate Solana directly. The price now faces a key resistance between $122 and $124, with a sustained move above potentially targeting $132. A drop below $120 could see support tested at $116 or even $108-$110 zones. The regulatory clarity may influence how institutions use Solana for stablecoin-related activities, impacting network demand.

Solana trades at Rp2.178.570 on Pluang as of Sep 26, 2026 00:04 WIB, showing a strong 1-day gain of 4.25%. The platform sees a 60% buy order activity, indicating notable investor interest amid the regulatory review of stablecoin issuers mentioned in the news. With a market cap of Rp1.278,43 trillion and 24-hour volume of Rp104,28 trillion, Solana remains actively traded as it approaches key price resistance levels.

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