The SEC recently announced that it has classified Solana (SOL) as a digital product. In addition to SOL, Bitcoin (BTC), Ethereum (ETH), and 14 other assets are also classified as digital goods. Let’s discuss whether regulatory changes will lead to an increase in the price of Solana (SOL).
Will Solana rebound after being classified as a digital product by the SEC?
SOL is already showing signs of recovery after a long bearish phase. According to Solana data from CoinGecko, SOL price has increased by 0.5% in the past 24 hours, 9% in the last week, 10.6% on the 14-day chart, and 11.5% month-over-month. SOL currently appears to be facing some resistance at the $95 price level.
Solana’s (SOL) recent rally could be due to a combination of factors. The SEC’s recent classification could be one of the reasons behind SOL’s rise. Moreover, the larger crypto market is also showing signs of recovery. Bitcoin (BTC) has regained the $74,000 price level and other assets appear to be following its trajectory. The market revival may be due to the US lifting certain sanctions on Russian oil in order to stabilize global energy markets. Solana (SOL) may be on the rise due to increased investor sentiment stemming from all sorts of factors.
While the rally is welcome, it is unclear whether Solana (SOL) will be able to maintain its rise. The cryptocurrency market is far from recovery, and market participants’ risk appetite remains low. The escalation of conflicts in the Middle East could lead to further market adjustments.
CoinCodex analysts are quietly bullish on Solana (SOL)’s performance in the coming months. The platform expects SOL to continue its upward momentum and reach $135.58 on May 11, 2026. It would require an increase of approximately 43.6% from current price levels to reach $135.58.
