Solana Price Surges on SEC Digital Commodity Designation

Solana's price has been on an upward trend since the SEC declared it a digital commodity, bringing regulatory clarity to the market. This development has had a positive impact on the cryptocurrency's price, with a 22% gain from its March bottom.

The SuperTrend indicator has shifted to bullish territory, indicating that Solana is likely to continue its upward momentum. Technical analysts are targeting $100 and $115 as next resistance zones, suggesting that the cryptocurrency has an 'unobstructed trajectory' towards these levels.