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Solana Price Forecast: SOL dips as hawkish Fed cuts dampen market sentiment
Solana (SOL) price is trading below $130 at the time of writing on Thursday, after being rejected at the upper boundary of its falling wedge pattern. The broader market weakness following the Federal Reserve’s hawkish rate cut has added to downside momentum. Additionally, SOL's on-chain data suggest further downside, with rising sell-side dominance. The broader crypto market softened after the Federal Open Market Committee (FOMC) meeting on Wednesday. In a widely expected move, the US Federal Reserve (Fed) lowered interest rates by 25 basis points to 3.50%-3.75% at the end of its two-day policy meeting but signaled ... (full story)
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