Solana price decreased by -5.02% over the past 24 hours.

Solana price decreased by -5.02% over the past 24 hours.

Performance after Thursday 02-Feb
Period Pct Chg Momentum
Thursday 1.48% 0.37
Week to-date -6.33% -1.65
February 2.09% 0.5

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -6.33% or -1.65 lower to 24.42. At time of writing into Friday’s trading session, Solana has decreased by -5.02% over the past 24 hours. For the record, SOLUSDT is -90.61% below all-time high of 259.96. On Thursday, SOL rose 1.48% to 25.37.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.

For the month-to-date, SOL is up by 2.09% or 0.5 higher.

What can we expect from Solana today?

Looking ahead for the day, immediate upside resistance level at 25.78 (R1) while on the downside, we are looking at daily low of 24.95 as an important support. Break below this level could weaken the current bullish momentum.
Solana need to break on either side to indicate a short-term bias. A break above 25.78 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is falling as the pair posted lower, down by -6.33%. Prior performance for the week ending 2023-01-29 was 7.68%.

Key levels to watch out:

R3 26.61
R2 26.20
R1 25.78
Daily Pivot 25.37
S1 24.95
S2 24.54
S3 24.12

Last updated: 01:25 am UTC, 03-Feb 2023

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