Solana price decreased by -2.08% over the past 24 hours.

Solana price decreased by -2.08% over the past 24 hours.

Performance after Monday 24-Oct
Period Pct Chg Momentum
Monday -3.35% -0.98
Week to-date -3.28% -0.96
October -14.83% -4.93

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -3.28% or -0.96 lower to 28.32. At time of writing into Tuesday’s trading session, Solana has decreased by -2.08% over the past 24 hours. For the record, SOLUSDT is -89.11% below all-time high of 259.96. On Monday, SOL dropped -3.35% to 28.30.

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.

For the month-to-date, SOL is down by -14.83% or -4.93 lower.

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 29.50 or trades above daily pivot 28.65. and daily low of 28.16 and 27.81 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 28.16 would indicate selling pressure.

For the week to-date, take note that Solana is falling as the pair posted lower, down by -3.28%. Prior performance for the week ending 2022-10-23 was -2.95%.

Key levels to watch out:

R3 30.49
R2 29.99
R1 29.15
Daily Pivot 28.65
S1 27.81
S2 27.31
S3 26.47

Last updated: 02:53 am UTC, 25-Oct 2022

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