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The cryptocurrency market continues to be bustling with activity as investors closely monitor price charts. Despite some weakening among altcoins, the consolidation phase after a reversal in the ETHBTC pair is not currently alarming, provided it does not extend for too long. Meanwhile, crypto analyst Kyle emphasizes noteworthy metrics related to Solana 
$162, urging investors to pay attention.
Solana’s Increasing Popularity
Solana’s network activity and transaction volume have gained considerable attention, making it one of the most prominent among Ethereum 
$2,408 competitors. Solana surpasses its peers in terms of transactions while the price has pulled back to the anticipated level of $168. Kyle points out the robust social media interest in Solana, which notably exceeds that of all other networks, including Ethereum.
Increased social media buzz often translates to heightened individual demand. If Solana maintains its strong interest despite significant growth, this may signal that even higher peaks are attainable before the year’s end.
“SOL is on fire, even surpassing Ethereum by leading all blockchains in 24-hour transaction fees. It receives approximately 100,000 social mentions in a day. Narrative + usage = Solana season is here.”
In terms of revenue, Solana tops the leaderboard, with competitors trailing far behind. However, as these figures represent 24-hour revenue, long-term leadership is not guaranteed.
Economic Indicators and Altcoins
The US Producer Price Index data came in below expectations, and Fed Chair Powell estimated a 2.2% growth for PCE. Almost reaching the 2% inflation target set by the Fed, interest rates remain robust. Analyst Ali Martinez argues this is unsustainable, suggesting the Fed will eventually need to lower interest rates as current levels are too restrictive.
“The Producer Price Index annual increase slightly below the +2.4% to +2.5% forecast indicates less inflationary pressure than expected. Lower-than-expected inflation could reduce the Fed’s need to maintain high interest rates, supporting risk sentiment.”
TIA Coin, a favorite among analyst Poppe’s altcoin portfolio, is expected to drop to the support zone highlighted in the chart before a rebound occurs. He views this as an opportunity. Additionally, there are assessments of a potential new test under $101,000 for Ethereum, and if BTC retreats, other altcoins may undergo higher low tests.
