Solana price increased by 20.12% over the past 24 hours.

SOLUSDT Chart by TradingView

Performance after Tuesday 03-Jan
Period	Pct	Chg	Momentum
Tuesday	-1.33%	-0.15
Week to-date	35.64%	3.56
January	35.91%	3.58

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 35.64% or 3.56 higher to 13.55. At time of writing into Wednesday’s trading session, Solana has increased by 20.12% over the past 24 hours. For the record, SOLUSDT is -94.79% below all-time high of 259.96. On Tuesday, SOL dropped -1.33% to 11.13.

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 35.91% or 3.58 higher.

What can we expect from Solana today?

Looking ahead for the day, immediate support level is at 11.03 (S1) with break below could see further selling pressure towards 10.92 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 11.34 as an important indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. Solana need to break on either side to indicate a short-term bias. A close below 11.08 would indicate selling pressure.

For the week to-date, take note that Solana is falling as the pair posted lower, down by 35.64%. Prior performance for the week ending 2023-01-01 was -12.21%.

Key levels to watch out:

Last updated: 01:10 am UTC, 04-Jan 2023