{"id":441772,"date":"2026-11-09T19:40:17","date_gmt":"2026-11-09T12:40:17","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/solana-remains-skewed-to-the-downside-amid-negative-macro-backdrop-as-us-cpi-looms-441772\/"},"modified":"2026-11-09T19:40:17","modified_gmt":"2026-11-09T12:40:17","slug":"solana-remains-skewed-to-the-downside-amid-negative-macro-backdrop-as-us-cpi-looms","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/solana-remains-skewed-to-the-downside-amid-negative-macro-backdrop-as-us-cpi-looms-441772\/","title":{"rendered":"Solana remains skewed to the downside amid negative macro backdrop as US CPI looms"},"content":{"rendered":"
\n

Solana sold off sharply on Thursday as the rout
\n in technology stocks triggered a risk-off move across financial markets. The
\n deterioration in sentiment spilled over into crypto, with traders reassessing
\n the implications of the Democratic sweep for the US economic outlook.<\/p>\n

A Democratic Congress is expected to favour
\n greater fiscal restraint and tighter regulation, limiting investment in AI
\n infrastructure. Given how heavily US growth has become reliant on AI-related
\n spending, any slowdown in this investment cycle could have significant
\n consequences for the broader economy.<\/p>\n

At the same time, the election outcome does not
\n prevent Trump from imposing tariffs or continuing military operations against
\n Iran. This leaves the US growth outlook exposed to several downside risks, with
\n an end to the Iran war representing the only possible relief to the growth outlook.\n <\/p>\n

Tomorrow’s US CPI report will be the next major
\n macro catalyst. The data could influence expectations for the December FOMC
\n meeting, with markets already pricing in a high probability of another rate
\n hike. A hot report could trigger a hawkish repricing and put renewed pressure
\n on Solana. Soft data, on the other hand, could provide some short-term relief,
\n although it wouldn\u2019t reverse the main trend.<\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can see that Solana<\/a>broke below the major upward trendline. This has opened the door for
\n a drop into the 74.00 handle. The sellers will likely continue to lean on the
\n downward trendline, with a defined risk above it, to keep targeting new lows.
\n The buyers, on the other hand, will want to see the price breaking above the
\n trendline to position for a rally into the 149.00 level next. <\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we have a minor downward
\n trendline defining the bearish momentum on this timeframe. The sellers will
\n likely lean on the trendline, with a defined risk above it, to keep pushing
\n into new lows. The buyers, on the other hand, will look for a break higher to
\n pile in for a rally into new highs, with the major downward trendline as the
\n first target.<\/p>\n

\u00a0<\/p>\n

SOLANA TECHNICAL ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as the sellers will have a better risk to reward setup
\n around the trendline, while the buyers will need a break to open the door for
\n new highs. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a> we have the US CPI report. On Thursday, we get the latest US Jobless
\n Claims figures. On Friday, we conclude the week with the US PPI data.\u00a0 <\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Solana sold off sharply on Thursday as the rout in technology stocks triggered a risk-off move across financial markets. The deterioration in sentiment spilled over into crypto, with traders reassessing the implications…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441772","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441772"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}