Solana price increased by 0.16% over the past 24 hours.

Solana price increased by 0.16% over the past 24 hours.

Performance after Tuesday 30-Aug
Period Pct Chg Momentum
Tuesday -2.93% -0.95
Week to-date 5.26% 1.6
August -24.34% -10.31

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 5.26% or 1.6 higher to 32.04. At time of writing into Wednesday’s trading session, Solana has increased by 0.16% over the past 24 hours. For the record, SOLUSDT is -87.68% below all-time high of 259.96. On Tuesday, SOL dropped -2.93% to 31.47.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising but in oversold zone, our analysis is that the price action might be set for a rebound.

For the month-to-date, SOL is down by -24.34% or -10.31 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 33.16 or trades above daily pivot 31.76. and daily low of 30.64 and 30.35 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 30.64 would indicate selling pressure.

For the week to-date, take note that Solana is rising and up by 5.26% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-08-28 was -16.53%.

Key levels to watch out:

R3 35.39
R2 34.28
R1 32.87
Daily Pivot 31.76
S1 30.35
S2 29.24
S3 27.83

Last updated: 02:52 am UTC, 31-Aug 2022

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