Solana price decreased by -2.03% over the past 24 hours.

Solana price decreased by -2.03% over the past 24 hours.

Performance after Sunday 14-Aug
Period Pct Chg Momentum
Sunday -3.71% -1.73
Week ending 2022-08-14 10.52% 4.27
August 8.10% 3.43

SOL Analysis

Solana (SOLUSDT) price for the week ending 2022-08-14 gained 10.52% or 4.27 higher to 45.78. At time of writing into Monday’s trading session, Solana has decreased by -2.03% over the past 24 hours. For the record, SOLUSDT is -82.39% below all-time high of 259.96. On Sunday, SOL dropped -3.71% to 44.87.

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 8.10% or 3.43 higher.

What can we expect from Solana today?

Looking ahead on Monday, immediate support level is at 43.53 (S1) with break below could see further selling pressure towards 42.20 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 48.06 as an important indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. Solana need to break on either side to indicate a short-term bias. A close below 44.46 would indicate selling pressure.

For the week ending 2022-08-14, take note that Solana is rising and up by 10.52% 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 50.73
R2 49.40
R1 47.13
Daily Pivot 45.80
S1 43.53
S2 42.20
S3 39.93

Last updated: 03:07 am UTC, 15-Aug 2022

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