The Securities and Exchange Commission (SEC) has formally classified Solana (SOL) alongside Bitcoin (BTC) and Ethereum (ETH) as digital commodities. This regulatory clarity coincides with a price recovery for SOL, which has risen over the past month amid a broader market rebound. Market observers are analyzing whether the SEC’s new taxonomy will provide sustained momentum for the asset.
The U.S. Securities and Exchange Commission has included Solana (SOL) in a new digital commodity classification. This designation, which also covers Bitcoin and Ethereum, clarifies that SOL is not considered a security by the regulator.
Solana has shown recent price gains following a prolonged bearish period. According to CoinGecko’s Solana data, the asset’s price increased 11.5% over the previous month and is currently facing resistance near $95.
Several factors may be contributing to SOL’s rally, including the SEC’s classification and a broader cryptocurrency market resurgence. The market rebound may be linked to geopolitical developments, such as the U.S. removing certain sanctions on Russian oil to stabilize energy markets.
Market sentiment remains cautious, however, as the overall crypto recovery is not yet definitive. Analysts note that an escalation of conflict in the Middle East could trigger another market correction.
CoinCodex analysts are quiet bullish Solana’s (SOL) performance in the coming months. The platform’s algorithmic forecast projects SOL could reach $135.58 by May 11, 2026.
