With a daily volume of almost $6 billion, SOL is trading at about $206.8, keeping above the important $200 level. The 98% approved Alpenglow upgrade promises scalability and finality improvements of about 150 ms, adding positive sentiment to the current Solana price prediction. The resistance level is between $215 and $220; a breakout might aim for $236 to $252 or even $260. Despite the SEC’s delay, ETF euphoria persists; downside risk is still about $190 to $180.
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A full year has passed since the last interest rate cut, and the market is once again focused on the September meeting. According to FedWatch data, the probability of a 25 basis point rate cut by the Federal Reserve in September has reached 83.6%. Looking back over the past year, the S&P and Nasdaq Composite Index not only hit new all-time highs after the rate cut, but Bitcoin also saw a surge in value, rekindling the market's belief that "rate cuts = a bull market." Coinbase also believes that an easing monetary policy cycle will usher in an altcoin boom. However, is there a true correlation between rate cuts and market performance? This article will examine the economic and stock market performance during each of the Federal Reserve's rate cut cycles since 1990, providing a more rational basis for judging the onset of a bull market.
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SUI has broken out from its Macro Triangle & successfully performed a post-breakout retest to fully confirm the breakout Meanwhile, Grayscale are expanding their SUI Ecosystem Lineup with two of SUI's top ecosystem products: DeepBook Trust & Walrus Trust #BTC #SUI
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