{"id":32801,"date":"2026-09-25T17:13:45","date_gmt":"2026-09-25T16:13:45","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/25\/solana-122-resistance-us-stablecoin-regulation\/"},"modified":"2026-09-25T17:13:51","modified_gmt":"2026-09-25T16:13:51","slug":"solana-122-resistance-us-stablecoin-regulation","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-122-resistance-us-stablecoin-regulation\/","title":{"rendered":"Solana Tests $122: US Stablecoin Regulation Reignites Bullish Pressure"},"content":{"rendered":"\n

Solana<\/strong> has climbed back above $119<\/strong> and is now eyeing the $124<\/strong> resistance level. Meanwhile, Washington<\/strong> has unveiled new legislative proposals governing stablecoins<\/strong> \u2014 a macro signal that SOL<\/strong> traders are watching closely.<\/p>\n\n\n\n

The convergence of a technical rebound and a potential regulatory catalyst<\/strong> places Solana<\/strong> at a pivotal crossroads. Whether price breaks through \u2014 or fails at \u2014 this level could define the short-term trend.<\/p>\n\n\n\n

Here is a breakdown of a market setup that deserves every crypto investor’s full attention.<\/p>\n\n\n\n

SOL Under Pressure: The $122\u2013$124 Zone Acts as the Ultimate Arbiter<\/h2>\n\n\n\n

Solana<\/strong> is currently trading within a critical resistance zone between $122 and $124<\/strong>. This level corresponds to a multi-rejection zone observed over recent weeks, making it a key technical control point for both bulls and bears alike.<\/p>\n\n\n\n

Recent price action<\/strong> shows a gradual recovery from lower support levels, with a return above $119<\/strong> confirming a renewed wave of buying interest. However, volume remains insufficient to validate a clean breakout<\/strong>: without a significant influx of liquidity, the resistance is likely to hold and trigger another rejection toward the $115\u2013$116<\/strong> range.<\/p>\n\n\n\n

Momentum indicators, notably the RSI<\/strong> on the daily chart, are pointing toward a neutral to slightly bullish zone \u2014 neither overbought nor oversold. This setup leaves room for a further upside extension, provided the broader market sentiment remains supportive. Traders holding long positions are closely watching for a daily close above $124<\/strong> as a confirmation signal.<\/p>\n\n\n\n

US Stablecoin Regulation: What Impact on the Solana Ecosystem?<\/h2>\n\n\n\n

The latest American legislative proposals surrounding stablecoins<\/strong> are acting as a double-edged sword for the broader crypto market. On one hand, a clear regulatory framework<\/strong> can strengthen institutional confidence and drive adoption. On the other, overly restrictive constraints could stifle DeFi<\/strong> innovation \u2014 a sector where Solana<\/strong> plays a central role.<\/p>\n\n\n\n

Solana<\/strong> hosts several major stablecoins, including USDC<\/strong> and USDT<\/strong>, which account for a significant share of on-chain volumes across the network. Regulation that is favorable to these assets would mechanically reinforce the utility of the SOL<\/strong> network, attracting greater capital flows into its DeFi<\/strong> protocols and payment applications.<\/p>\n\n\n\n

The proposals currently moving through US Congress<\/strong> aim to impose strict reserve requirements<\/strong> and banking-level oversight<\/strong> on stablecoin issuers. If adopted, these rules could accelerate market consolidation<\/strong> around a handful of dominant players \u2014 and potentially benefit blockchains like Solana<\/strong>, which are well known for their speed and low transaction fees.<\/p>\n\n\n\n

On-Chain Data and Sentiment: What the Metrics Really Reveal<\/h2>\n\n\n\n

Beyond price action<\/strong>, on-chain data<\/strong> provides additional insight into the health of the Solana<\/strong> network. Daily transaction counts remain elevated, supported by activity across DEXs<\/strong> such as Raydium<\/a> and Jupiter<\/a>, as well as NFT<\/strong> minting volumes and liquid staking<\/strong> protocols.<\/p>\n\n\n\n

On the derivatives side, data from CoinGlass<\/strong> shows a slight uptick in open interest<\/strong> on SOL<\/strong> perpetual contracts, reflecting a renewed appetite for speculation without yet signaling a dangerous buildup of leverage. The funding rate<\/strong> remains close to zero, indicating that the market has not yet committed decisively in either direction.<\/p>\n\n\n\n

Overall sentiment across social media and specialist forums remains cautiously optimistic<\/strong>: long-term holders are maintaining their positions, while short-term traders are waiting for technical confirmation before committing. The coming week will be decisive in determining whether SOL<\/strong> can convert this momentum into a sustained move above $124.<\/a><\/p>\n\n\n\n

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