![](https://marketrecap.today/images/SOL.jpg)
Performance after Sunday 25-Sep | |||
Period | Pct | Chg | Momentum |
Sunday | -3.12% | -1.04 | ![]() |
Week ending 2022-09-25 | 3.99% | 1.24 | ![]() |
September | 3.27% | 1.03 | ![]() |
SOL Analysis
Solana (SOLUSDT) price for the week ending 2022-09-25 gained 3.99% or 1.24 higher to 32.53. At time of writing into Monday’s trading session, Solana has decreased by -3.10% over the past 24 hours. For the record, SOLUSDT is -87.49% below all-time high of 259.96. On Sunday, SOL dropped -3.12% to 32.34.
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 up by 3.27% or 1.03 higher.
What can we expect from Solana today?
Looking ahead on Monday, immediate support level is at 31.46 (S1) with break below could see further selling pressure towards 30.57 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 34.05 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 31.87 would indicate selling pressure.
For the week ending 2022-09-25, take note that Solana is rising and up by 3.99% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-09-18 was -11.12%.
Key levels to watch out:
R3 | 35.82 |
R2 | 34.93 |
R1 | 33.64 |
Daily Pivot | 32.75 |
S1 | 31.46 |
S2 | 30.57 |
S3 | 29.28 |
Last updated: 03:05 am UTC, 26-Sep 2022