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Solana drops 5.1% amid bearish momentum after hotter-than-expected CPI data

Technical Signals
15 Oct 2026
AMBCrypto
View Source
Bearish
Solana drops 5.1% amid bearish momentum after hotter-than-expected CPI data

Solana's price fell 5.10% to $102.19 following a hotter-than-expected 3.7% CPI reading in September, reflecting broader crypto market weakness. The daily and 4-hour charts show bearish momentum, with SOL breaking below key support levels around $100-$105 and indicators like MACD and OBV signaling continued selling pressure. Without holding this support, SOL risks further decline toward $96. Despite short-term bearishness, the daily chart's position near the 50% Fibonacci level leaves room for a potential recovery in the longer term.

As of Oct 16, 2026 00:41 WIB, Solana (SOL) trades at Rp1.894.572 on Pluang, showing a 1-day gain of 0.98%. Despite the article's note of a recent price drop below $105, Pluang data reveals more buying interest with 63% of orders as buys and a typical hold time of 71 days. SOL's market cap stands at Rp1.119,4 trillion, indicating sustained investor engagement amid short-term price fluctuations.

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