Solana price increased by 0.82% over the past 24 hours.

Solana price increased by 0.82% over the past 24 hours.

Performance after Sunday 12-Feb
Period Pct Chg Momentum
Sunday 3.27% 0.68
Week ending 2023-02-12 -8.44% -1.98
February -12.92% -3.09

SOL Analysis

Solana (SOLUSDT) price for the week ending 2023-02-12 dropped -8.44% or -1.98 lower to 20.83. At time of writing into Monday’s trading session, Solana has increased by 0.82% over the past 24 hours. For the record, SOLUSDT is -91.99% below all-time high of 259.96. On Sunday, SOL rose 3.27% to 21.49.

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

For the month-to-date, SOL is down by -12.92% or -3.09 lower.

What can we expect from Solana today?

Looking ahead on Monday, immediate upside resistance level at 22.51 (R1) while on the downside, we are looking at daily low of 20.62 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 22.59 would suggest bullish bias after recent positive movement.

For the week ending 2023-02-12, take note that Solana is falling as the pair posted lower, down by -8.44%. Prior performance for the week ending 2023-02-05 was -9.97%.

Key levels to watch out:

R3 24.48
R2 23.54
R1 22.51
Daily Pivot 21.57
S1 20.54
S2 19.60
S3 18.57

Last updated: 02:06 am UTC, 13-Feb 2023

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