Solana

United

<ul> 
 <li><strong>If the price manages to go past the recent high of $20.32, then it will likely test $22 level.</strong></li> 
 <li><strong>The SOL price has recently breached the $20 mark.</strong></li> 
</ul> 
<p>Co-founder of Solana Anatoly Yakovenko talks about how the United States is discouraging innovation in Web3 by imposing too many regulations on the sector. As per the co-founder, blockchain technology presents a significant&nbsp;opportunity&nbsp;for several&nbsp;developers keen in developing&nbsp;Web3.</p> 
<p>However, problems arose due to murky regulations. In addition, he thinks that the only way to get over this obstacle was for authorities to set up a solid regulatory structure that would guarantee conformity.</p> 
<p>Moreover, OKX, a cryptocurrency exchange, has teamed up with Solana Mobile. Through this partnership, OKX’s app will join a handful of other exchange apps on Solana’s Web3 smartphone, Saga.&nbsp;</p> 
<p>By integrating <a href="https://thenewscrypto.com/huge-ethereum-whale-dumps-33k-eth-to-okx-whats-ahead/" target="_blank" rel="noopener noreferrer nofollow">OKX’s</a> array of contemporary products into Saga, the alliance hopes to increase the accessibility of decentralized apps and services. Also, Visa, a major financial services provider, had recently announced that it would use the Solana blockchain to power its new stablecoin settlement options.</p> 
<h3 class="wp-block-heading" id="h-bulls-in-control">Bulls in Control</h3> 
<p>At the time of writing, <a href="https://thenewscrypto.com/solana-sol-debunks-ftx-liquidation-concerns-with-12-rally/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> (SOL) is trading at $20.09, down 0.59% in the last 24 hours as per data from CMC. The SOL price has recently breached the $20 mark. However, it was followed by a short correction. If the price manages to go past the recent high of $20.32, then it will likely test the $22 resistance level.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="661" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/09/SOL_7D_graph_coinmarketcap-1.png" alt="" class="wp-image-82655" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/SOL_7D_graph_coinmarketcap-1.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/09/SOL_7D_graph_coinmarketcap-1-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/SOL_7D_graph_coinmarketcap-1-150x81.png 150w" sizes="(max-width: 661px) 100vw, 661px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Contrarily, if the bears take over and the price falls below the $19.10 support level, then it will likely test the $17.5 support level. Both the conventional financial industry and the cryptocurrency industry are on the edge of their seats as today the Fed is to announce its interest rate decision.</p>

Solana (SOL) Price Eyes $22 Level as Bulls Gain Traction

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