Solana’s price has plummeted by 18% as the SEC intensifies its scrutiny of staking ETFs. As June begins, Solana’s price struggles near a resistance zone, witnessing a 3% drop in intraday trading. Technical indicators signal possible further declines, prompting traders to reassess their positions. The market reacts cautiously, anticipating outcomes of the regulatory environment. Investors should monitor these developments closely and reevaluate their strategies in light of potential risks. Understanding market trends and SEC actions is essential for informed decisions.