Solana
Solana Consolidates Near 102.5 Dollars Following US Inflation Report
Major altcoins paused in a holding pattern after the latest CPI reading, with Solana steadying around key price levels ahead of the Federal Reserve meeting.
Solana traded near $102.5 as major altcoins entered a phase of stabilization following the release of US core inflation data. The asset had declined alongside other large tokens ahead of the economic report before halting its downward move.
The price pause was mirrored across the broader market, with XRP hovering around $1.36 and HYPE trading near $80. While Ethereum briefly reclaimed $2,600 before retreating toward $2,560, the market did not experience a broad-based rally.
Trading sentiment remains subdued as Bitcoin faces persistent pressure following the rapid fading of its technical golden cross from early September. Market participants are holding positions as they await the Federal Reserve's interest rate decision scheduled for the 16th.
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