SOLUSDT Chart by TradingView
| Performance after Tuesday 20-Dec | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 2.68% | 0.32 |  |
| Week to-date | -1.53% | -0.19 |  |
| December | -13.91% | -1.97 | |
SOL Analysis
Solana (SOLUSDT) price for the week to-date dropped -1.53% or -0.19 lower to 12.19. At time of writing into Wednesday’s trading session, Solana has increased by 0.66% over the past 24 hours. For the record, SOLUSDT is -95.31% below all-time high of 259.96. On Tuesday, SOL rose 2.68% to 12.26.
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 -13.91% or -1.97 lower.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 12.59 or 12.55 (R1) as important resistance levels and daily low of 11.84 and 11.90 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 12.49 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 -1.53%. Prior performance for the week ending 2022-12-18 was -7.75%.
Key levels to watch out:
| R3 | 13.20 |
| R2 | 12.85 |
| R1 | 12.55 |
| Daily Pivot | 12.20 |
| S1 | 11.90 |
| S2 | 11.55 |
| S3 | 11.25 |
Last updated: 01:53 am UTC, 21-Dec 2022
