The US Core CPI came in lower than expected at 3.1% year-over-year, leading to a positive response in the crypto markets, particularly for Solana which briefly surpassed $130. The price trend for Solana has been declining but experienced a 6% surge on March 11, indicating a potential bullish recovery. Solana is currently in a streak of five consecutive red candles but is showing signs of a potential bounce-back from the support level of $104. Solana also recorded a 24-hour revenue of $442,000, surpassing that of Ethereum. The proposed SIMD-228 protocol in Solana, aimed at reducing SOL inflation by 80%, is currently passing in voting. The derivatives market for Solana has seen a surge in open interest but the funding rate remains negative. The long-to-short ratio indicates a minor increase in selling accounts. Liquidations have amounted to $13.12 million.



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