EL7.AI
CryptoMedium•9 November 2026•
1 min read

Solana Breaks Major Upward Trendline Amid Tech Stock Sell-off

Key Facts

1Solana price broke below a major upward trendline on the daily chart, potentially opening the door for a drop toward the $74.00 level.
2Markets are awaiting tomorrow's US CPI report as a major catalyst that could influence December FOMC rate hike expectations.
3Cryptocurrencies were negatively impacted by a sharp sell-off in tech stocks as investors shifted toward a risk-off sentiment.

Solana price broke below a major upward trendline on the daily chart, potentially opening the door for a further drop toward the $74.00 level. InvestingLive reported that cryptocurrencies were negatively impacted by a sharp sell-off in tech stocks as investors shifted toward a risk-off sentiment.

Markets are currently awaiting tomorrow's US Consumer Price Index (CPI) report as a major catalyst that could influence December FOMC rate hike expectations. This technical breakdown occurs as traders reassess the broader macroeconomic landscape and its impact on technology investments and AI infrastructure.

The US annual Inflation Rate is scheduled for release on November 10, 2026, with forecasts pointing to a 3.9% reading. On the same day, a speech by Fed official Waller is expected to provide further clarity on the future path of monetary policy.

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