SOLUSDT Chart by TradingView
| Performance after Saturday 13-Aug | |||
| Period | Pct | Chg | Momentum |
| Saturday | 2.46% | 1.12 |  |
| Week to-date | 14.93% | 6.06 | |
| August | 10.18% | 4.31 | |
SOL Analysis
Solana (SOLUSDT) price for the week to-date gained 14.93% or 6.06 higher to 46.66. At time of writing into Sunday’s trading session, Solana has decreased by -1.19% over the past 24 hours. For the record, SOLUSDT is -82.05% below all-time high of 259.96. On Saturday, SOL rose 2.46% to 46.60.
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 10.18% or 4.31 higher.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 48.23 (R1) while on the downside, we are looking at daily low of 45.27 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 break above 48.38 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is rising and up by 14.93% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-08-07 was -4.13%.
Key levels to watch out:
| R3 | 51.34 |
| R2 | 49.86 |
| R1 | 48.23 |
| Daily Pivot | 46.75 |
| S1 | 45.12 |
| S2 | 43.64 |
| S3 | 42.01 |
Last updated: 03:06 am UTC, 14-Aug 2022
