Crypto / SOL
SO
Solana
$200.87
+0.00%
Past 3months
Trading vol12.21B
Market cap108.4B
Fully Diluted Valuation122B
Total Supply0.607B
5min
30min
1h
2h
1d
1w
1m
Newest
Hottest
Bashitha
CPI Relief Sparks Crypto Rally
The U.S. Bureau of Labor Statistics released the July 2025 CPI and Real Earnings reports today at 8:30 AM ET. The data came in exactly as markets expected, no hotter than expected inflation and sparking a risk-on rally across the market, while the U.S. Dollar Index (DXY) dropped sharply. Key Data Points: CPI (Headline): +0.3% m/m, +2.9% y/y (June was +2.7% y/y) Core CPI (ex-food, energy): +0.2% m/m, +3.2% y/y (stable from June) Energy: +2.1% m/m — Gasoline +3.3% Food: +0.2% m/m Shelter: +0.4% m/m (still the largest inflation contributor) Real Avg Hourly Earnings: +0.1% m/m, +1.1% y/y Real Avg Weekly Earnings: +0.3% m/m, +0.7% y/y Market Reaction: The release of the July 2025 CPI and Real Earnings data triggered an immediate and decisive move in financial markets. The U.S. Dollar Index (DXY) saw a sharp and rapid decline within minutes of the announcement, reflecting a shift away from safe-haven demand. This was largely because inflation came in exactly as expected, avoiding the “hot” surprise that could have reignited fears of further aggressive Fed action. Equity futures jumped, and crypto markets reacted almost instantly, with BTC, ETH, and SOL showing strong green candles on the 1-hour chart. The drop in DXY removed a major headwind for risk assets, as a weaker dollar often correlates with stronger performance in crypto. The reaction also suggests that traders were positioned defensively ahead of the release and quickly moved capital back into higher-risk assets when no negative surprise was observed. The post-CPI order flow also hints that macro traders are linking USD weakness directly to crypto strength in this environment. While the momentum is positive in the short term, it’s worth noting that the Fed will remain cautious, especially with shelter inflation still contributing heavily to the overall CPI. Currently BTC is moving around $119,900 (~1.2% since CPI release) while ETH, SOL, XRP, BNB are 3.74%, 3.22%, 1.55% and 2.41% respectively at the time of writing.
4:13 PM · Aug 12, 2025
0
0
Phillipklh
$200 soon - SOL weekly update August 12 - 18th
From an Elliott Wave perspective, the scenario for Solana has been slightly adjusted from previous counts. Current price action suggests that SOL is already in an impulsive upward move, which aligns well with the broader correlation observed across the altcoin market. As with many other altcoins, the structure shows a completed 1–2 sequence at the Primary degree and another 1–2 sequence at the Intermediate degree. At the Minor degree, price is in the final stages of Wave 1, specifically in Minute Wave 5. An alternative scenario — less likely but still possible — is that the move is actually a corrective structure, with the Minor degree currently forming Wave C. This would become more probable if price extends significantly beyond the 1.618 Fibonacci extension, as such behaviour would be atypical for a standard fifth wave. From a liquidity standpoint, short- to medium-term bias points upward. The liquidity heatmap shows a large concentration of liquidity at the local high of Wave 3, as well as significant order clusters near the 1.0 extension target for the current Wave 5. However, substantial liquidity is also accumulating below current price, which will likely be targeted during the subsequent Wave 2 retracement. Funding rates have shifted from slightly negative toward positive territory, and open interest is climbing — both signs of a stable and sustained upward move. ETF flows remain steadily positive, though, as with other altcoins, these are likely driven more by price appreciation and FOMO than by methodical accumulation. Macro conditions also support the current market tone. The latest CPI data came in at 2.7%, better than expected, boosting sentiment. As the FOMC meeting approaches, retail traders are increasingly positioning for a potential “altseason” — a dynamic that raises the probability of a sell-the-news event if expectations are overextended. Given the current wave structure, liquidity positioning, and macro backdrop, the 1.0 Fibonacci extension level has been set as the primary target for the completion of this Minor Wave 5. This area aligns with heavy order clustering and fits the typical profile for a fifth wave termination before a corrective phase. Do your own research — and trade safe.
3:10 PM · Aug 12, 2025
0
0
Loading...
logo© 2025 All rights reserved