The price of Solana (SOL) faced a key directional decision in recent days, and currently it looks like the bulls have the upper hand after a tough battle with the bears. However, the SOL price is not out of the woods yet. But a decision could come as early as today.<\/p>\n
Solana Poised To Rally Above $25?<\/h2>\n
The crypto market is still heavily dependent on macro data from the US. And before the next FOMC meeting is due next week, the PCE, the Federal Reserve’s preferred inflation metric, will be released today at 8:30 am EST (2:30 pm CET). This makes today the most important day of the week<\/p>\n
February’s personal consumption expenditures (PCE) price index was +0.3% on a monthly basis, below the forecast of +0.4%. For March, analysts expect an unchanged increase of +0.3%. On an annual basis (YoY), an increase of 4.5% is expected, up from 4.6% in the previous month. If core inflation rates fall, a bullish reaction is expected in the crypto market, and Solana is perfectly positioned to deliver a massive upside bounce.<\/p>\n