Solana Price Forecast: Will Federal Rate Reductions Boost the SOL Surge?

Impact of Federal Reserve Rate Cuts: The U.S. Federal Reserve's ongoing rate-cut campaign is creating optimism for risk assets like Solana, as rising unemployment and soft economic data shift focus from inflation to growth revival.

Solana's Price Movement: Currently trading around $128, Solana's price is in a downtrend with resistance near $140; a breakout above $136 could signal a bullish trend, while a drop below $120 may lead to further corrections.

Market Sentiment and Momentum: With declining trading volume and neutral momentum indicators, traders are awaiting a catalyst, such as confirmation of further rate cuts, to drive market sentiment and Solana's price direction.

Future Predictions: Solana's price trajectory will depend on the Fed's January decision and overall crypto market sentiment; a dovish stance could lead to a rebound towards $150–$160, while a pause may result in retesting lower support levels around $100–$110.