SOL Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| -0.77% | -3.00% | -13.57% | -79.04% | 7.86 bn | 0.37 bn |
Solana (SOLUSDT) price over 7 days dropped -3.00% to 20.66 for the week ending 2023-03-26. For the record, SOLUSDT is -92.08% below all-time high of 259.96.
Over the last 30 days, SOL is down by -13.57% while 12-month period is down by -79.04%.
For the week, our technical analysis on the price action looks pressured towards the downside as Solana is not performing well over the last 7 days.
What can we expect from Solana today?
At time of writing, Solana has decreased by -0.77% over the past 24 hours. Our analysis is that there could be selling pressure.
Looking ahead for the day, immediate support level is at 20.17 (S1) with break below could see further selling pressure towards 19.69 (S2). As the current momentum is fading, we prefer to look at firm break of the recent daily high of 20.98 with a higher-low pullback as a possible indicator of buying interest. Though failure to break the resistance level could also suggest price consolidation.
Key levels to watch out:
| R3 | 21.95 |
| R2 | 21.47 |
| R1 | 21.06 |
| Daily Pivot | 20.58 |
| S1 | 20.17 |
| S2 | 19.69 |
| S3 | 19.28 |
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