Breaking News | US Inflation Data The Producer Price Index (PPI) results for August came in at -0.1% compared to expectations of 0.3% 🔻 This is a very low number compared to expectations, and the market was closely watching this data as it provides the Fed with additional signals before the meeting on September 17. Currently, the market is pricing in a 100% chance of a rate cut, and the question remains: Will we see a cut of 50 basis points instead of 25? 🧐 📈 The market is already moving in response to this news, and the most important question is: Will this movement maintain its strength and continue forward, or is it just a trick for everyone who bought on the rise? 🤔 What do you think? Will we see 🚀 in crypto or a sudden drop? #PPI #PPIWatch #BNBBreaksATH
Update $SOL
Last peak: 213.6 → rejected from it and went down
Moving Averages:
MA(7) = 207.2 (above the price) → short-term selling pressure
Update $SOL Last peak: 213.6 → rejected from it and went down Moving Averages: MA(7) = 207.2 (above the price) → short-term selling pressure MA(25) = 203.5 (very close to the price) → first support MA(99) = 200.1 → stronger support if a downward break occurs 📊 Indicators: RSI (6) = 41 → below 50 → downward trend, has lost upward momentum Stoch RSI = 11.8 → entered a strong oversold area → possible near-term rebound MACD = -0.43 with a negative crossover (DIF @ DEA) → there is still downward pressure, but the bottom might be near