Solana ($SOL ): Extends gains as traders cut Fed rate‑hike bets
Solana rallied after dovish remarks from Federal Reserve President Williams and Vice Chair Jefferson lowered the perceived probability of an October rate hike from about 70% to roughly 25%. The comments eased market concerns about aggressive tightening, allowing the cryptocurrency to extend its recent gains.
Technical analysis shows Solana finding support from the dovish sentiment, with the daily chart’s major upward trendline acting as a key level. Buyers are targeting the 149.00 level, while sellers would need a break below the trendline to push the price toward the 97.00 support. Short‑term charts also highlight a minor support zone around 117.00.
The development matters because further dovish signals or a breakthrough in US‑Iran negotiations could sustain Solana’s rally, whereas stronger‑than‑expected US employment data could reignite rate‑hike expectations and weigh on the asset. The upcoming US NFP report will be a focal point for short‑term direction.
**$SOL**
Solana rallied after dovish remarks from Federal Reserve President Williams and Vice Chair Jefferson lowered the perceived probability of an October rate hike from about 70% to roughly 25%. The comments eased market concerns about aggressive tightening, allowing the cryptocurrency to extend its recent gains.
Technical analysis shows Solana finding support from the dovish sentiment, with the daily chart’s major upward trendline acting as a key level. Buyers are targeting the 149.00 level, while sellers would need a break below the trendline to push the price toward the 97.00 support. Short‑term charts also highlight a minor support zone around 117.00.
The development matters because further dovish signals or a breakthrough in US‑Iran negotiations could sustain Solana’s rally, whereas stronger‑than‑expected US employment data could reignite rate‑hike expectations and weigh on the asset. The upcoming US NFP report will be a focal point for short‑term direction.
**$SOL**
