Solana price decreased by -2.31% over the past 24 hours.

Solana price decreased by -2.31% over the past 24 hours.

Performance after Sunday 22-Jan
Period Pct Chg Momentum
Sunday -1.47% -0.36
Week ending 2023-01-22 5.77% 1.32
January 146.04% 14.56

SOL Analysis

Solana (SOLUSDT) price for the week ending 2023-01-22 gained 5.77% or 1.32 higher to 24.53. At time of writing into Monday’s trading session, Solana has decreased by -2.31% over the past 24 hours. For the record, SOLUSDT is -90.56% below all-time high of 259.96. On Sunday, SOL dropped -1.47% to 24.21.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling but in overbought zone, our analysis is that bullish momentum could be fading.

For the month-to-date, SOL is up by 146.04% or 14.56 higher.

What can we expect from Solana today?

Looking ahead on Monday, immediate support level is at 23.32 (S1) with break below could see further selling pressure towards 22.44 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 25.45 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 23.50 would indicate selling pressure.

For the week ending 2023-01-22, take note that Solana is rising and up by 5.77% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-15 was 58.41%.

Key levels to watch out:

R3 27.22
R2 26.34
R1 25.27
Daily Pivot 24.39
S1 23.32
S2 22.44
S3 21.37

Last updated: 02:05 am UTC, 23-Jan 2023

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