SOLUSDT Chart by TradingView
| Performance after Tuesday 31-Jan | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.17% | -0.04 |  |
| Week to-date | -8.71% | -2.27 |  |
| January | 139.92% | 13.95 |  |
SOL Analysis
Solana (SOLUSDT) price for the week to-date dropped -8.71% or -2.27 lower to 23.80. At time of writing into Wednesday’s trading session, Solana has decreased by -0.25% over the past 24 hours. For the record, SOLUSDT is -90.84% below all-time high of 259.96. On Tuesday, SOL dropped -0.17% to 23.92.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling, our analysis is that there could be selling pressure as the outlook looks bearish.
End of January, SOL is up by 139.92% or 13.95 higher.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 26.31 or 24.43 (R1) as important resistance levels and daily low of 23.49 and 23.45 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 23.49 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -8.71%. Prior performance for the week ending 2023-01-29 was 7.68%.
Key levels to watch out:
| R3 | 25.41 |
| R2 | 24.94 |
| R1 | 24.43 |
| Daily Pivot | 23.96 |
| S1 | 23.45 |
| S2 | 22.98 |
| S3 | 22.47 |
Last updated: 01:36 am UTC, 01-Feb 2023
