After the cryptocurrency market fell back again, the price remained in a range and fluctuated last week . During the decline of some cryptocurrencies, the bullish power increased significantly. All three cryptocurrencies we studied stopped falling after touching their support levels. On the other hand, as we know, the Fed’s tightening monetary policy has been creating strong selling pressure over the past six months. However, in the last week we have seen some data have revealed hope, yes, you read that right, hope. Although the CPI last week reached a 40-year high of 8.5%, in fact, the pressure on the Core CPI has been reduced for two consecutive months. The increase in CPI brought by the energy side may be temporary, and the price is developing in a positive direction.

The price is in the same situation as BTC and ETH, was traded in a narrow range. It was also raised above the given support level by the bulls. But in the details of last week’s performance, unlike the strength in the second half of March, SOL has become very passive like a market driver (as shown by the red arrow). But in any case, at least the bullish bullish of the market saved the price from falling, and SOL was no exception.
Conclusion: Mostly fluctuation. For SOL, the performance last week was not as good as BTC and ETH, so it is more likely to continue to fluctuate in the (99, 112) range, and it is equally possible to rise or fall after the correction.

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Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
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