Solana price remained under pressure near $87 on Sunday after a modest correction across major digital assets.
SOL price fell 3% in 24 hours as cautious traders adjusted their positions. Investors are closely monitoring potential signs of recovery amid new regulatory developments from the Securities and Exchange Commission and CFTC. Bitcoin fell below $69,000 after geopolitical tensions sparked widespread risk-off sentiment.
President Trump threatened to take decisive action if that happened The Strait of Hormuz remains closed. The entire cryptocurrency market fell by 3%, with a total capitalization of approximately 2.36 trillion. Analysts expect consolidation in the short term unless tensions or regulatory clarity increase investor confidence.
Solana Under the Microscope as SEC and CFTC Unveil New Classification for Crypto Tokens
On March 17, 2026, regulators issued a joint interpretation addressing how federal securities laws apply to certain cryptocurrency assets. the Instructions were issued By the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Officials have proposed a broad classification of tokens into five different categories of regulation.
Only in: United States @SECGov and @Koftak A joint interpretation has been issued that officially classifies the LINK token as a digital commodity.
We congratulate the SEC and CFTC on this historic milestone that provides a clear legal framework for institutional adoption of digital assets. pic.twitter.com/7uQTQV4fSm
– Chainlink (@chainlink) March 17, 2026
These are digital goods, digital collectibles, digital gadgets, stablecoins and digital securities. The agencies clarified that digital goods, collectibles and gadgets are not automatically considered securities.
However, regulators have emphasized that certain builds or promotional schemes may convert some tokens into securities. the a report Highlights how current securities laws can be used based on the features of the transaction.
Big cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano, are mentioned to provide some context. The explanation is based on the recently announced new coordination plan between the SEC and CFTC that seeks to strengthen US cryptocurrency leadership.
As Coingape recently reported, Solana bulls may target $100 level As their next target because of the Clarity Act deal between the Senate and the White House.
Record inflows and TVL growth signal renewed confidence in Solana
Solana price is looking for upward momentum as new capital flows into exchange-traded funds tracking the token globally. These investment vehicles received $26.81 million in institutional flows over the past seven days. Institutional investors are increasingly building exposure to Solana as on-chain fundamentals improve this quarter.
Meanwhile, the total value locked in Solana’s exercisable assets and active DeFi reached a record $465 million in the real world. Cumulative net flows in related products since launch to date have reached $989.78 million.
Will Solana price return to $100 this week?
At the time of writing, SOL is trading near $87.37, reflecting moderate intraday weakness. The four-hour chart shows that the asset is converging below the $90 resistance area after the rejection.
The Relative Strength Index is close to 38, which means there is weak purchasing power in the short term. Meanwhile, the MACD remains negative, proving the fact that the bullish momentum is slowing. Both the MACD and the signal line are on a downward path indicating long-term bearish dominance.
The nearest support is at the $85 level which has absorbed many of the recent pullbacks. A decisive break below the $85 level could accelerate selling pressure to the $80 support area. If the broader weakness intensifies, the Solana long range forecast May reconsider stronger structural support near $70.
On the positive side, buyers need to reclaim the $90 level to break short-term bearish demand. Any confirmed break above $90 could trigger a psychological resistance level of $100.
