Solana (SOL) has recently seen its price peak at $139 on September 13, 2024, before experiencing a decline to $130 by September 15 [4c34bbd3]. Amid this volatility, traders are accumulating approximately $150 million in short positions as they brace for the upcoming U.S. Federal Reserve rate decision scheduled for September 17 [4c34bbd3]. This bearish sentiment is compounded by recent economic indicators, including the Non-Farm Payrolls report, which revealed that 142,000 jobs were added in August, marking a 37% increase from July [4c34bbd3]. Additionally, the Consumer Price Index (CPI) data has shown inflation reaching an all-time high of 314.80 points [4c34bbd3]. As a result, traders are anticipating either a pause or an increase in interest rates, which could further impact market dynamics [4c34bbd3]. On September 15, Solana's price dipped by 2.81%, settling at $133.38, with key support identified at $120.62 and resistance at $159.68 [4c34bbd3]. Analysts suggest that a successful defense of the $120 support level could lead to a bullish reversal towards the $150 mark [4c34bbd3]. Meanwhile, the overall trading volume of SOL has also seen a significant decline of 49.72%, reflecting a broader decrease in interest across the cryptocurrency market [933eb579].