Solana price decreased by -2.48% over the past 24 hours.

Solana price decreased by -2.48% over the past 24 hours.

Performance after Monday 22-Aug
Period Pct Chg Momentum
Monday -2.91% -1.06
Week to-date -3.10% -1.13
August -16.55% -7.01

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -3.10% or -1.13 lower to 35.34. At time of writing into Tuesday’s trading session, Solana has decreased by -2.48% over the past 24 hours. For the record, SOLUSDT is -86.41% below all-time high of 259.96. On Monday, SOL dropped -2.91% to 35.41.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising but in oversold zone, our analysis is that the price action might be set for a rebound.

For the month-to-date, SOL is down by -16.55% or -7.01 lower.

What can we expect from Solana today?

Looking ahead for the day, we are looking at 37.09 or 36.74 (R1) as important resistance levels and daily low of 33.73 and 33.91 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 33.73 would indicate selling pressure.

For the week to-date, take note that Solana is falling as the pair posted lower, down by -3.10%. Prior performance for the week ending 2022-08-21 was -18.72%.

Key levels to watch out:

R3 39.57
R2 38.06
R1 36.74
Daily Pivot 35.23
S1 33.91
S2 32.40
S3 31.08

Last updated: 03:06 am UTC, 23-Aug 2022

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