|Performance after Thursday 29-Dec|
Solana (SOLUSDT) price for the week to-date dropped -14.85% or -1.69 lower to 9.69. At time of writing into Friday’s trading session, Solana has decreased by -0.41% over the past 24 hours. For the record, SOLUSDT is -96.27% below all-time high of 259.96. On Thursday, SOL dropped -1.23% to 9.64.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.
For the month-to-date, SOL is down by -31.57% or -4.47 lower.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 11.02 (R1) while on the downside, we are looking at daily low of 8.00 as an important support. Break below this level could weaken the current bullish momentum.
Solana need to break on either side to indicate a short-term bias. A close below 8.00 would indicate selling pressure.
For the week to-date, take note that Solana is rising and up by -14.85% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-12-25 was -8.08%.
Key levels to watch out:
Last updated: 01:35 am UTC, 30-Dec 2022