|Performance after Thursday 12-Jan|
Solana (SOLUSDT) price for the week to-date gained 13.56% or 1.96 higher to 16.41. At time of writing into Friday’s trading session, Solana has decreased by -1.08% over the past 24 hours. For the record, SOLUSDT is -93.69% below all-time high of 259.96. On Thursday, SOL rose 1.41% to 16.59.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, SOL is up by 64.59% or 6.44 higher.
What can we expect from Solana today?
Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 17.00 or trades above daily pivot 16.38. and daily low of 15.54 and 15.75 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 17.00 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is rising and up by 13.56% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-08 was 44.64%.
Key levels to watch out:
Last updated: 02:05 am UTC, 13-Jan 2023