ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner expect a 0.9% MoM United States (US) Consumer Price Index (CPI) print, above consensus, with core at 0.3% MoM.
💡 DMK Insight
A higher-than-expected CPI print could shake up market sentiment and volatility. With SOL currently at $94.92, traders should be on high alert for potential price swings. A 0.9% MoM CPI could lead to increased speculation around interest rate hikes, impacting risk assets like cryptocurrencies. If inflation fears rise, we might see a flight to safety, pushing SOL and similar assets down. Keep an eye on the $90 support level; a break below could trigger further selling pressure. On the flip side, if SOL holds above this level, it might attract buyers looking for a dip. Watch for the CPI release and adjust your positions accordingly, as the immediate reaction could set the tone for the coming weeks.
📮 Takeaway
Monitor SOL closely around the $90 support level; a CPI print above 0.9% could trigger significant volatility.




