$SOL
As of March 12, 2025, Solana (SOL) is trading at approximately $124.26, reflecting a slight decrease of 0.78% from the previous close.
The U.S. Consumer Price Index (CPI) data for February 2025, released today, indicates a year-over-year increase of 2.8%, slightly below the anticipated 2.9% and down from January's 3.0%. The core CPI, excluding food and energy components, rose by 3.1%, marking the smallest gain since April 2021.
Historically, Solana's price has shown sensitivity to macroeconomic indicators like the CPI. Lower-than-expected inflation can influence investor sentiment, potentially affecting Solana's market dynamics. Recent analyses indicate that SOL is facing resistance around the $128 mark, with bulls attempting to push higher. However, the broader picture remains cautious, as SOL has experienced a 39.77% decline over the past 30 days, despite a short-term uptick of 2.40% in the last 24 hours.
Investors are advised to monitor these developments closely, as they can provide insights into Solana's potential price movements in response to changing economic conditions.