|Performance after Tuesday 23-Aug|
Solana (SOLUSDT) price for the week to-date dropped -3.95% or -1.44 lower to 35.03. At time of writing into Wednesday’s trading session, Solana has decreased by -0.82% over the past 24 hours. For the record, SOLUSDT is -86.52% below all-time high of 259.96. On Tuesday, SOL rose 0.76% to 35.68.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling but in oversold zone, our analysis is that there could be selling pressure as the outlook looks bearish.
For the month-to-date, SOL is down by -17.28% or -7.32 lower.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 36.56 or 36.45 (R1) as important resistance levels and daily low of 34.24 and 34.58 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 36.11 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -3.95%. Prior performance for the week ending 2022-08-21 was -18.72%.
Key levels to watch out:
Last updated: 03:05 am UTC, 24-Aug 2022