U.S. September CPI came in above expectations, heightening market concerns that interest rates will remain elevated. $SOL is under pressure and testing the $100 level.
Data showed that CPI rose 3.7% year over year in September, exceeding market expectations of 3.6%. Treasury yields and the U.S. dollar strengthened in tandem, putting risk assets under pressure. $SOL extended its decline, breaking below key rising trendline support near $111. It is now trading around $103, with the psychological $100 level below becoming a key focus for bulls and bears. Meanwhile, on-chain activity on Solana has also cooled, with daily active addresses falling back to around 3.74 million. Ecosystem tokens $JUP and Raydium fell 9.4% and 10.6%, respectively, indicating that investors have become more cautious following the inflation data.
(Source: AMBCrypto)
#Solana #CPI
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risks; please exercise caution.
Data showed that CPI rose 3.7% year over year in September, exceeding market expectations of 3.6%. Treasury yields and the U.S. dollar strengthened in tandem, putting risk assets under pressure. $SOL extended its decline, breaking below key rising trendline support near $111. It is now trading around $103, with the psychological $100 level below becoming a key focus for bulls and bears. Meanwhile, on-chain activity on Solana has also cooled, with daily active addresses falling back to around 3.74 million. Ecosystem tokens $JUP and Raydium fell 9.4% and 10.6%, respectively, indicating that investors have become more cautious following the inflation data.
(Source: AMBCrypto)
#Solana #CPI
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risks; please exercise caution.