|Performance after Saturday 04-Feb|
Solana (SOLUSDT) price for the week to-date dropped -6.94% or -1.81 lower to 24.26. At time of writing into Sunday’s trading session, Solana has decreased by -1.50% over the past 24 hours. For the record, SOLUSDT is -90.67% below all-time high of 259.96. On Saturday, SOL dropped -0.45% to 24.58.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.
For the month-to-date, SOL is up by 1.42% or 0.34 higher.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 25.07 or 24.76 (R1) as important resistance levels and daily low of 24.53 and 24.47 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 24.53 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -6.94%. Prior performance for the week ending 2023-01-29 was 7.68%.
Key levels to watch out:
Last updated: 01:24 am UTC, 05-Feb 2023