|Performance after Saturday 11-Mar|
Solana (SOLUSDT) price for the week to-date dropped -14.45% or -3.03 lower to 17.94. At time of writing into Sunday’s trading session, Solana has decreased by -3.34% over the past 24 hours. For the record, SOLUSDT is -93.10% below all-time high of 259.96. On Saturday, SOL dropped -0.55% to 18.07.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.
For the month-to-date, SOL is down by -18.04% or -3.95 lower.
|24-hr||7-Day||30-Day||1-Year||Mkt Cap.||24-hr Vol.|
|-3.34%||-14.67%||-12.51%||-77.84%||6.84 bn||0.61 bn|
What can we expect from Solana today?
Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 18.89 or trades above daily pivot 17.97. and daily low of 16.94 and 17.04 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 16.94 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -14.45%. Prior performance for the week ending 2023-03-05 was -9.81%.
Key levels to watch out: