Solana price increased by 1.15% over the past 24 hours.

Solana price increased by 1.15% over the past 24 hours.

Performance after Wednesday 05-Oct
Period Pct Chg Momentum
Wednesday -0.15% -0.05
Week to-date 7.14% 2.29
October 3.31% 1.1

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 7.14% or 2.29 higher to 34.35. At time of writing into Thursday’s trading session, Solana has increased by 1.15% over the past 24 hours. For the record, SOLUSDT is -86.79% below all-time high of 259.96. On Wednesday, SOL dropped -0.15% to 34.04.

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 up by 3.31% or 1.1 higher.

What can we expect from Solana today?

Looking ahead for the day, we are looking at 34.40 or 34.55 (R1) as important resistance levels and daily low of 33.18 and 33.36 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 33.18 would indicate selling pressure.

For the week to-date, take note that Solana is rising and up by 7.14% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-02 was -0.87%.

Key levels to watch out:

R3 35.74
R2 35.05
R1 34.55
Daily Pivot 33.86
S1 33.36
S2 32.67
S3 32.17

Last updated: 02:38 am UTC, 06-Oct 2022

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