Solana price decreased by -2.64% over the past 24 hours.

Solana price decreased by -2.64% over the past 24 hours.

Performance after Sunday 05-Feb
Period Pct Chg Momentum
Sunday -0.49% -0.12
Week ending 2023-02-05 -7.10% -1.85
February -1.21% -0.29

SOL Analysis

Solana (SOLUSDT) price for the week ending 2023-02-05 dropped -7.10% or -1.85 lower to 23.63. At time of writing into Monday’s trading session, Solana has decreased by -2.64% over the past 24 hours. For the record, SOLUSDT is -90.91% below all-time high of 259.96. On Sunday, SOL dropped -0.49% to 24.22.

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 -1.21% or -0.29 lower.

What can we expect from Solana today?

Looking ahead on Monday, we are looking at 24.95 or 24.41 (R1) as important resistance levels and daily low of 24.10 and 24.07 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 24.10 would indicate selling pressure.

For the week ending 2023-02-05, take note that Solana is falling as the pair posted lower, down by -7.10%. Prior performance for the week ending 2023-01-29 was 7.68%.

Key levels to watch out:

R3 24.75
R2 24.59
R1 24.41
Daily Pivot 24.25
S1 24.07
S2 23.91
S3 23.73

Last updated: 01:25 am UTC, 06-Feb 2023

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