|Performance after Sunday 16-Oct|
|Week ending 2022-10-16||-8.35%||-2.75|
Solana (SOLUSDT) price for the week ending 2022-10-16 dropped -8.35% or -2.75 lower to 30.00. At time of writing into Monday’s trading session, Solana has increased by 0.67% over the past 24 hours. For the record, SOLUSDT is -88.46% below all-time high of 259.96. On Sunday, SOL rose 1.96% to 30.17.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling, our analysis is that there could be selling pressure as the outlook looks bearish.
For the month-to-date, SOL is down by -9.77% or -3.25 lower.
What can we expect from Solana today?
Looking ahead on Monday, to see upside interest, we prefer to look at price breakout of last daily high of 30.53 or trades above daily pivot 30.09. and daily low of 29.56 and 29.64 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 30.53 would suggest bullish bias after recent positive movement.
For the week ending 2022-10-16, take note that Solana is falling as the pair posted lower, down by -8.35%. Prior performance for the week ending 2022-10-09 was 2.68%.
Key levels to watch out:
Last updated: 02:52 am UTC, 17-Oct 2022