Solana price increased by 2.19% over the past 24 hours.

Solana price increased by 2.19% over the past 24 hours.

Performance after Thursday 19-Jan
Period Pct Chg Momentum
Thursday 2.93% 0.61
Week to-date -6.12% -1.4
January 115.55% 11.52

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -6.12% or -1.4 lower to 21.49. At time of writing into Friday’s trading session, Solana has increased by 2.19% over the past 24 hours. For the record, SOLUSDT is -91.73% below all-time high of 259.96. On Thursday, SOL rose 2.93% to 21.40.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.

For the month-to-date, SOL is up by 115.55% or 11.52 higher.

What can we expect from Solana today?

Looking ahead for the day, we are looking at 23.65 or 22.05 (R1) as important resistance levels and daily low of 20.41 and 20.58 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 21.88 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is falling as the pair posted lower, down by -6.12%. Prior performance for the week ending 2023-01-15 was 58.41%.

Key levels to watch out:

R3 23.52
R2 22.70
R1 22.05
Daily Pivot 21.23
S1 20.58
S2 19.76
S3 19.11

Last updated: 02:05 am UTC, 20-Jan 2023

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