SEC decided to remove SOL from the list of so-called unregistered securities

The cryptocurrency community has once again turned its attention to Solana. The well-known analyst Ali Martinez admitted that the value of the coin will increase by 900%, which will cause the price of SOL to rise to $1630.

The expert believes that a bull market should be expected in the next few weeks, as a figure called “bull pennant” was formed earlier. This usually indicates that the price of the cryptocurrency will soon rise in trading.

Martinez pointed out that the cryptocurrency’s recent crossing of the upper trendline of this pennant is a serious factor that speaks of a potential rise in the asset’s price.

However, Solana’s position is currently quite ambiguous. According to Coinmarketcap data, the value of SOL is around $181. The crypto coin is in the top 5 most sought-after digital assets with a capitalization of $83.9 million.

According to other forecasts, Solana’s exchange rate can grow by about 72% of its current value. It remains only to follow the market movemen

The media reported that the SEC has made adjustments to the lawsuit against Binance. They concern, among other things, Solana, which is now not classified as a security.

Recall, back last year, the regulator accused the crypto exchange of trading in unregistered securities, including SOL. But now the SEC has decided to strike crypto coin from the list of securities.

The community met the news of the SEC’s latest decision with optimism.

“Solana will easily break $1,000, lol,” stated prominent trader Yelo.

Do you believe in SOL’s prospects?