In June, the value of Solana (SOL) collapsed by 41%. The painful blow to the altcoin was dealt by the Securities and Exchange Commission (SEC).
In a lawsuit against Coinbase and Binance, the Solana cryptocurrency was listed as an unregistered security. Altcoin has found a bottom around $15.
Some experts did not rule out that the bears could bring SOL down below $10, but in July the altcoin started to recover its losses. The first and important stage was the breakthrough of resistance near $19.