|Performance after Sunday 19-Feb|
|Week ending 2023-02-19||15.59%||3.35|
Solana (SOLUSDT) price for the week ending 2023-02-19 gained 15.59% or 3.35 higher to 25.70. At time of writing into Monday’s trading session, Solana has increased by 10.21% over the past 24 hours. For the record, SOLUSDT is -90.11% below all-time high of 259.96. On Sunday, SOL rose 5.93% to 24.84.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, SOL is up by 7.44% or 1.78 higher.
What can we expect from Solana today?
Looking ahead on Monday, immediate upside resistance level at 25.92 (R1) while on the downside, we are looking at daily low of 23.20 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 25.64 would suggest bullish bias after recent positive movement.
For the week ending 2023-02-19, take note that Solana is rising and up by 15.59% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-02-12 was -8.44%.
Key levels to watch out:
Last updated: 02:35 am UTC, 20-Feb 2023