The SEC stated in its lawsuit report against Coinbase that Solana (SOL) is a security, How did this reflect on the Solana ecosystem?
Announcing that it has filed a lawsuit against Coinbase, the SEC drew attention with its report. The report on the case includes SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, $EAR, VGX, DASH and NEXO. Solana (SOL) was one of the most notable among the related cryptocurrencies. How can SOL, which ranks 9th in market capitalization according to CoinMarketCap data, be designated as a security by the SEC, reflect on the Solana ecosystem? What price movements can be observed in the SOL?
Solana (SOL) Graphic Evaluation
SOL, which bounced back from $ 18.24, is currently trading at $ 18.63. If the dangers continue for SOL, which has come to the bottom price of the last 3 months with its inclusion in the securities list of the SEC, pullbacks can be seen up to $ 18.24 and $ 17.51.
Situations such as the SEC’s reducing its pressure on cryptocurrencies and crypto exchanges and positive developments that may carry the market upwards can quickly push the SOL price up. For SOL, resistance points where sellers can be active are $19.34 – $20.38 – $22.42, respectively.
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