The US core CPI is 3.1%year -on -year, estimated at 3.2%, lower than expected. With this lower inflation than expected, the encryption market is responding positively, as it exceeds $ 130 instantly.
Solana is currently trading at $ 128 because it suggests potential strong recovery. Will Solana’s reversal soar to $ 170? Let’s find out.
Solana price analysis
In the daily chart, Sol Price Trend shows a decrease and reaches $ 112 swing. However, as the price of 6%on March 11, Solana’s optimistic trend is gradually gaining momentum.
Solana, which has been extended to the strong recovery with 1.94%intravenous interests, has entered the stripes of five continuous red candles. In addition, Solana, which has a potential V-shaped reversal, displays an initial bounce bag of $ 104 at the S-1 pivot support level.
As recovery progresses, Solana suggests the potential bounce bag of $ 145 of EMA on the 20th.
Solana reverses Etherrium with a 24 -hour revenue.
In the midst of short -term recovery and the decrease in US inflation, Solana shows another record and surpasses Etherrium with 24 -hour revenue. According to a recent post from Solanafloor, the Solana network recorded $ 442,000 in sales of 24 hours.
destruction: @Solana Ether Leeum is surpassed by profit 24 hours. pic.twitter.com/ku7QE4SL7Y
-Solanafloor (@solanafloor) March 12, 2025
This has increased significantly from $ 419,000 compared to Ether Leeum. In the third location, Maker records $ 391,000 in sales of 24 hours.
The SIMD-228 proposal is close to approval
As mentioned in the last article, Solana’s SIMD-228 protocol proposal is discussed to reduce SOL inflation almost 80%. According to the recent voting status, the proposal delivers 67.97% of the example+no voting that exceeds 67%.
But 56%of the staker has not yet voted. Voting continues until the end of EPOCH 755.
Solana derivatives are a signal that raises open interest.
Solana stands at an intersection and has seen the derivatives market’s $ 3.7 billion open interest. However, the financing rate is 0.0065%, which is maintained at a phoneme, reflecting the willingness to pay the premium and hold a short position.
The long -term ratio over the last 24 hours is 0.9767, reflecting the minor surge in the sales account. The liquidation increased to $ 13.2 million, while the short liquidation took $ 75 million and $ 55 million.