Solana price decreased by -5.17% over the past 24 hours.

Solana price decreased by -5.17% over the past 24 hours.

Performance after Thursday 16-Feb
Period Pct Chg Momentum
Thursday -6.79% -1.62
Week to-date 4.93% 1.06
February -5.73% -1.37

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 4.93% or 1.06 higher to 22.55. At time of writing into Friday’s trading session, Solana has decreased by -5.17% over the past 24 hours. For the record, SOLUSDT is -91.33% below all-time high of 259.96. On Thursday, SOL dropped -6.79% to 22.24.

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 down by -5.73% or -1.37 lower.

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 24.20 or trades above daily pivot 22.88. and daily low of 22.20 and 21.56 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 22.20 would indicate selling pressure.

For the week to-date, take note that Solana is rising and up by 4.93% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-02-12 was -8.44%.

Key levels to watch out:

R3 25.56
R2 24.88
R1 23.56
Daily Pivot 22.88
S1 21.56
S2 20.88
S3 19.56

Last updated: 01:50 am UTC, 17-Feb 2023

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