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

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

Performance after Sunday 17-Jul
Period Pct Chg Momentum
Sunday -2.43% -0.96
Week ending 2022-07-17 5.20% 1.91
July 15.76% 5.32

Solana Analysis

Solana (SOLUSDT) price for the week ending 2022-07-17 gained 5.20% or 1.91 higher to 39.08. At time of writing into Monday’s trading session, Solana has decreased by -2.08% over the past 24 hours. For the record, Solana is -84.97% below all-time high of 259.96. On Sunday, SOL dropped -2.43% to 38.62.

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 15.76% or 5.32 higher.

What can we expect from Solana today?

Looking ahead on Monday, to see upside interest, we prefer to look at price breakout of last daily high of 41.09 or trades above daily pivot 39.33. and daily low of 38.29 and 37.58 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 38.29 would indicate selling pressure.

For the week ending 2022-07-17, take note that Solana is rising and up by 5.20% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-10 was 9.94%.

Key levels to watch out:

R3 43.18
R2 42.13
R1 40.38
Daily Pivot 39.33
S1 37.58
S2 36.53
S3 34.78

Last updated: 02:08 am UTC, 18-Jul 2022

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