SOL Returns to $120 as Stablecoin Rules Move Forward $SOL is back near $120.5 after recovering from the $116 area, with the latest 30-minute chart putting the $121–122 zone back in focus. The move comes as the Federal Reserve opened public comment on two proposals implementing parts of the GENIUS Act. One would require Fed-supervised payment stablecoin issuers to fully back their tokens with permitted reserve assets and meet capital, custody and risk-management standards. The second sets out an application process for supervised banks that want to issue payment stablecoins. The proposals do not regulate or endorse Solana itself, so it would be misleading to treat them as a direct catalyst for SOL. For the chart, the simpler question is whether buyers can push through the recent $121–122 resistance area. A rejection would put the recent support around $116 back into view. Separately, WhiteBIT announced this month that its TradFi perpetual pairs are now available through its TradingView integration, adding instruments linked to traditional-market assets alongside its existing crypto markets. Disclaimer: This content is for informational purposes only and is not financial advice. TradFi pairs are derivative instruments that track traditional-market assets and do not provide ownership of the underlying assets. Availability may vary by jurisdiction. #Altcoin Season# #Solana #SOL