SOLUSDT Chart by TradingView
| Performance after Sunday 24-Jul | |||
| Period | Pct | Chg | Momentum |
| Sunday | 2.40% | 0.96 |  |
| Week ending 2022-07-24 | 5.98% | 2.31 |  |
| July | 16.53% | 5.58 | |
SOL Analysis
Solana (SOLUSDT) price for the week ending 2022-07-24 gained 5.98% or 2.31 higher to 39.34. At time of writing into Monday’s trading session, Solana has decreased by -2.14% over the past 24 hours. For the record, SOLUSDT is -84.87% below all-time high of 259.96. On Sunday, SOL rose 2.40% to 40.93.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling, our analysis is that there could be selling pressure as the outlook looks bearish.
For the month-to-date, SOL is up by 16.53% or 5.58 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 42.10 or trades above daily pivot 40.83. and daily low of 39.47 and 39.57 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 42.10 would suggest bullish bias after recent positive movement.
For the week ending 2022-07-24, take note that Solana is rising and up by 5.98% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-17 was 5.20%.
Key levels to watch out:
| R3 | 44.83 |
| R2 | 43.46 |
| R1 | 42.20 |
| Daily Pivot | 40.83 |
| S1 | 39.57 |
| S2 | 38.20 |
| S3 | 36.94 |
Last updated: 02:22 am UTC, 25-Jul 2022
