|Performance after Friday 22-Jul|
Solana (SOLUSDT) price for the week to-date gained 6.42% or 2.48 higher to 41.10. At time of writing into Saturday’s trading session, Solana has decreased by -4.22% over the past 24 hours. For the record, SOLUSDT is -84.19% below all-time high of 259.96. On Friday, SOL dropped -5.96% to 40.54.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.
For the month-to-date, SOL is up by 21.74% or 7.34 higher.
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 44.33 or trades above daily pivot 41.63. and daily low of 40.03 and 38.94 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 40.03 would indicate selling pressure.
For the week to-date, take note that Solana is rising and up by 6.42% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-17 was 5.20%.
Key levels to watch out:
Last updated: 02:22 am UTC, 23-Jul 2022