Solana Reclaims $105 Level Following Market Correction

Solana (SOL) has rebounded to $105, marking a 5.6% increase over the past 24 hours after previously dipping to $96. The asset's recovery follows a broader market downturn triggered by the US Senate's vote against the CLARITY Act. Despite the Federal Reserve's 25 basis point interest rate hike, which typically pressures risk assets, Solana has shown resilience. Analysts suggest that the market may have priced in the rate hike beforehand, and long-term prospects remain positive as the asset continues to recover from its 2022 lows.