SOLUSDT: Recovery stalls, Bears remain in control

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SOLUSDT: Recovery stalls, Bears remain in controlSOL / TetherUSBINANCE:SOLUSDTDomicChainaSOLUSDT is trading around 76.08 USDT, moving largely sideways after multiple failed attempts to break above the 76.2–77.0 USDT zone. The price remains within a downtrend channel, indicating that buying pressure is insufficient to alter the short-term structure. The macroeconomic backdrop has actually become less negative; the US Producer Price Index (PPI) for July remained flat—coming in below the forecasted +0.2%—which pushed the probability of a Fed rate hike in September down to approximately 35%. From a technical perspective, if SOL continues to face rejection at the 76.5–77.0 level, I lean towards the scenario of a pullback to the 74.50 USDT zone. Today, attention should be paid to US Retail Sales and Consumer Sentiment data; unexpectedly strong figures could drive up the USD and bond yields, placing further pressure on the crypto market.