SOL Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| -3.13% | -4.79% | 6.85% | -73.07% | 8.69 bn | 0.35 bn |
Solana (SOLUSDT) price over 7 days dropped -4.79% to 21.97 for the week ending 2023-05-07. For the record, SOLUSDT is -91.54% below all-time high of 259.96.
Over the last 30 days, SOL is up by 6.85% while 12-month period is down by -73.07%.
For the week, our technical outlook suggests weakness as Solana is not performing well over the last 7 days.
What can we expect from Solana today?
At time of writing, Solana has decreased by -3.13% over the past 24 hours. Our daily analysis is that there could be selling pressure.
Looking ahead for the day, immediate support level is at 21.44 (S1) with break below could see further selling pressure towards 20.90 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 22.75 as a possible indicator of buying interest. Break above could target 23.28. Rejection from the resistance level could suggest price consolidation.
Key levels to watch out:
| R3 | 23.82 |
| R2 | 23.28 |
| R1 | 22.63 |
| Daily Pivot | 22.09 |
| S1 | 21.44 |
| S2 | 20.90 |
| S3 | 20.25 |
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