ETF Hype Fades, Fed Fuels Decline
The post ETF Hype Fades, Fed Fuels Decline appeared on BitcoinEthereumNews.com. Why Did Solana Price Crash? Solana’s strong run in July—fueled by ETF rumors—ran out of steam. Without confirmation, and following the Fed’s decision to pause rate changes, SOL saw a wave of selling. Combined with Bitcoin’s decline, Solana lost over 6.6% on the week and broke below $165. SOL Coin Chart Breakdown SOL/USD 4-hours chart – TradingView SOL broke $175.8 and $170 support, now trading near $163.73 Next critical level: $160, psychological and technical RSI is deeply oversold at 22.87, flashing bounce potential 9 and 21 EMAs are clearly trending lower → full downtrend confirmation Source: https://cryptoticker.io/en/solana-price-breaks-165-etf-hype-fades-fed-impact/
The post ETF Hype Fades, Fed Fuels Decline appeared on BitcoinEthereumNews.com.
Why Did Solana Price Crash? Solana’s strong run in July—fueled by ETF rumors—ran out of steam. Without confirmation, and following the Fed’s decision to pause rate changes, SOL saw a wave of selling. Combined with Bitcoin’s decline, Solana lost over 6.6% on the week and broke below $165. SOL Coin Chart Breakdown SOL/USD 4-hours chart – TradingView SOL broke $175.8 and $170 support, now trading near $163.73 Next critical level: $160, psychological and technical RSI is deeply oversold at 22.87, flashing bounce potential 9 and 21 EMAs are clearly trending lower → full downtrend confirmation Source: https://cryptoticker.io/en/solana-price-breaks-165-etf-hype-fades-fed-impact/
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