|Performance after Saturday 06-Aug|
Solana (SOLUSDT) price for the week to-date dropped -6.64% or -2.81 lower to 39.54. At time of writing into Sunday’s trading session, Solana has decreased by -2.37% over the past 24 hours. For the record, SOLUSDT is -84.79% below all-time high of 259.96. On Saturday, SOL dropped -1.18% to 40.07.
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 -6.64% or -2.81 lower.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 41.33 or 40.69 (R1) as important resistance levels and daily low of 39.85 and 39.65 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 39.85 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -6.64%. Prior performance for the week ending 2022-07-31 was 3.47%.
Key levels to watch out:
Last updated: 02:36 am UTC, 07-Aug 2022