|Performance after Monday 27-Feb|
Solana (SOLUSDT) price for the week to-date dropped -3.53% or -0.82 lower to 22.43. At time of writing into Tuesday’s trading session, Solana has decreased by -2.60% over the past 24 hours. For the record, SOLUSDT is -91.37% below all-time high of 259.96. On Monday, SOL dropped -2.45% to 22.68.
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 down by -6.23% or -1.49 lower.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 23.53 or 23.29 (R1) as important resistance levels and daily low of 22.32 and 22.20 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 22.32 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -3.53%. Prior performance for the week ending 2023-02-26 was -6.40%.
Key levels to watch out:
Last updated: 02:50 am UTC, 28-Feb 2023