NewsMV
Solana ($SOL) faces a critical test at $94.40 as the Federal Reserve raised interest rates by 25 basis points on September 16, lifting the target range to 3.75% to 4.00%.
The move removes the passive bid that had absorbed recent gains, with Solana ETF inflows collapsing from $153.87 million to $6.18 million in the week prior.
The token closed at $96.93 on September 16, a 5.45% decline from the previous session, placing it near its 20-day exponential moving average of $97.70.
Although SOL remains up approximately 29% over the past month, the asset sits roughly 67% below its all-time high of $293 set in January 2025.
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