SOLUSDT Chart by TradingView
| Performance after Sunday 31-Jul | |||
| Period | Pct | Chg | Momentum |
| Sunday | -3.40% | -1.49 |  |
| Week ending 2022-07-31 | 3.47% | 1.42 |  |
| July | 25.44% | 8.59 | |
SOL Analysis
Solana (SOLUSDT) price for the week ending 2022-07-31 gained 3.47% or 1.42 higher to 42.81. At time of writing into Monday’s trading session, Solana has decreased by -1.02% over the past 24 hours. For the record, SOLUSDT is -83.53% below all-time high of 259.96. On Sunday, SOL dropped -3.40% to 42.35.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.
End of July, SOL is up by 25.44% or 8.59 higher.
What can we expect from Solana today?
Looking ahead on Monday, we are looking at 46.65 or 44.30 (R1) as important resistance levels and daily low of 42.22 and 41.31 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 42.22 would indicate selling pressure.
For the week ending 2022-07-31, take note that Solana is rising and up by 3.47% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-24 was 5.98%.
Key levels to watch out:
| R3 | 47.29 |
| R2 | 46.25 |
| R1 | 44.30 |
| Daily Pivot | 43.26 |
| S1 | 41.31 |
| S2 | 40.27 |
| S3 | 38.32 |
Last updated: 03:26 am UTC, 01-Aug 2022
