|Performance after Friday 04-Nov|
Solana (SOLUSDT) price for the week to-date gained 5.95% or 1.96 higher to 34.90. At time of writing into Saturday’s trading session, Solana has increased by 12.18% over the past 24 hours. For the record, SOLUSDT is -86.57% below all-time high of 259.96. On Friday, SOL rose 9.37% to 33.74.
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 7.19% or 2.34 higher.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 35.07 (R1) while on the downside, we are looking at daily low of 30.66 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 34.20 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is rising and up by 5.95% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-30 was 12.50%.
Key levels to watch out:
Last updated: 01:39 am UTC, 05-Nov 2022