Solana Surges Past $105 as Risk Appetite Fades

Solana has rebounded strongly after a significant decline, surpassing the $105 mark.

The price recovery comes on the heels of the CLARITY Act vote in the US Senate, which led to a decrease in investor appetite for risk.

After the Federal Reserve's 25-basis-point interest rate hike, Solana experienced a noticeable reaction from investors, with its price momentarily dipping below $100.

As of now, market analysts are keeping an eye on the $96 to $100 range as a potential support zone for Solana in the short term.