SOLUSDT Chart by TradingView
| Performance after Sunday 01-Jan | |||
| Period | Pct | Chg | Momentum |
| Sunday | 0.20% | 0.02 |  |
| Week ending 2023-01-01 | -12.21% | -1.39 | |
| December | -29.45% | -4.17 |  |
SOL Analysis
Solana (SOLUSDT) price for the week ending 2023-01-01 dropped -12.21% or -1.39 lower to 9.87. At time of writing into Monday’s trading session, Solana has decreased by -1.79% over the past 24 hours. For the record, SOLUSDT is -96.20% below all-time high of 259.96. On Sunday, SOL rose 0.20% to 9.99.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.
End of December, SOL is down by -29.45% or -4.17 lower.
What can we expect from Solana today?
Looking ahead on Monday, immediate upside resistance level at 10.16 (R1) while on the downside, we are looking at daily low of 9.69 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 10.09 would suggest bullish bias after recent positive movement.
For the week ending 2023-01-01, take note that Solana is rising and up by -12.21% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-12-25 was -8.08%.
Key levels to watch out:
| R3 | 10.56 |
| R2 | 10.32 |
| R1 | 10.16 |
| Daily Pivot | 9.92 |
| S1 | 9.76 |
| S2 | 9.52 |
| S3 | 9.36 |
Last updated: 01:35 am UTC, 02-Jan 2023
