Solana Price at Risk: Traders Mount $150M SHORT Contracts, 3-Days from Fed Decision
==========
Solana price peaked at $139 on Sept 13, 2024, before dropping to $130 on Sept 15; traders are mounting $150 million in SHORT positions ahead of the US Fed rate decision on Sept 17; the Non-Farm Payrolls report showed 142,000 jobs added in August, a 37% increase from July; CPI data indicates inflation at an all-time high of 314.80 points; bearish sentiment is growing as traders anticipate a potential rate pause or hike; Solana's price dipped 2.81% to $133.38 on Sept 15; key support at $120.62 and resistance at $159.68; a successful defense of $120 could lead to a bullish reversal towards $150.
#Solana #Crypto #Trading #UsFed #ShortPositions #MarketAnalysis #Inflation #Employment #PricePrediction #BearishSentiment
https://www.fxempire.com/forecasts/article/solana-price-forecast-sol-price-at-risk-traders-mount-150m-short-contracts-3-days-from-fed-decision-1461229
FX Empire /
npub1lj…9zjdc
2024-09-15 20:59:04
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npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-09-15 20:59:04Event JSON
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"content": "Solana Price at Risk: Traders Mount $150M SHORT Contracts, 3-Days from Fed Decision\n==========\n\nSolana price peaked at $139 on Sept 13, 2024, before dropping to $130 on Sept 15; traders are mounting $150 million in SHORT positions ahead of the US Fed rate decision on Sept 17; the Non-Farm Payrolls report showed 142,000 jobs added in August, a 37% increase from July; CPI data indicates inflation at an all-time high of 314.80 points; bearish sentiment is growing as traders anticipate a potential rate pause or hike; Solana's price dipped 2.81% to $133.38 on Sept 15; key support at $120.62 and resistance at $159.68; a successful defense of $120 could lead to a bullish reversal towards $150.\n\n#Solana #Crypto #Trading #UsFed #ShortPositions #MarketAnalysis #Inflation #Employment #PricePrediction #BearishSentiment\n\nhttps://www.fxempire.com/forecasts/article/solana-price-forecast-sol-price-at-risk-traders-mount-150m-short-contracts-3-days-from-fed-decision-1461229",
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