As US markets brace for a pivotal week — with fresh CPI data expected soon, a likely Fed rate cut towards the end of October, and Jerome Powell’s remarks expected to steer global sentiment — traders are watching how crypto reacts to shifting policy signals.
Among the assets in focus are Made in USA coins, which often move sharply around major US events. Some now hint at early recoveries, while others risk deeper pullbacks, but not with twists.
Solana (SOL)
Among Made in USA coins, Solana continues to stand out as one of the more resilient altcoins despite recent volatility. The token is down 23% month-on-month, mainly due to the October 10 “Black Friday” crash.
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Yet, it has gained over 2% in the past week, signaling steady recovery efforts.
The broader structure still looks bullish. Solana has been moving inside an ascending channel pattern since May — a setup that often supports continuation trends.
If the Solana price breaks above $204 (an 8.4% rise), it could target $223 and $238 next. A clean move above $253 could potentially open the path toward new highs in the short to mid-term.
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The Relative Strength Index (RSI) — which tracks how fast and strong price movements are — adds more weight to this view. Between August 7 and October 11, Solana’s price made a higher low, while RSI made a lower low.
This hidden bullish divergence usually confirms that the larger uptrend remains intact, even during short-term dips.
However, a daily close below $174 (the lower trendline of the channel) would weaken the pattern. It could send the Solana price toward $155 or even $142, marking a
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Author: Ananda Banerjee
