Solana price increased by 2.80% over the past 24 hours.

Solana price increased by 2.80% over the past 24 hours.

Performance after Sunday 07-Aug
Period Pct Chg Momentum
Sunday 1.32% 0.53
Week ending 2022-08-07 -4.13% -1.75
August -3.92% -1.66

SOL Analysis

Solana (SOLUSDT) price for the week ending 2022-08-07 dropped -4.13% or -1.75 lower to 40.69. At time of writing into Monday’s trading session, Solana has increased by 2.80% over the past 24 hours. For the record, SOLUSDT is -84.35% below all-time high of 259.96. On Sunday, SOL rose 1.32% to 40.60.

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 down by -3.92% or -1.66 lower.

What can we expect from Solana today?

Looking ahead on Monday, to see upside interest, we prefer to look at price breakout of last daily high of 41.57 or trades above daily pivot 40.46. and daily low of 39.21 and 39.35 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 41.57 would suggest bullish bias after recent positive movement.

For the week ending 2022-08-07, take note that Solana is falling as the pair posted lower, down by -4.13%. Prior performance for the week ending 2022-07-31 was 3.47%.

Key levels to watch out:

R3 44.07
R2 42.82
R1 41.71
Daily Pivot 40.46
S1 39.35
S2 38.10
S3 36.99

Last updated: 02:50 am UTC, 08-Aug 2022

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