Solana price increased by 28.84% over the past 24 hours.

Solana price increased by 28.84% over the past 24 hours.

Performance after Thursday 10-Nov
Period Pct Chg Momentum
Thursday 25.43% 3.58
Week to-date -46.72% -15.24
November -46.62% -15.18

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -46.72% or -15.24 lower to 17.38. At time of writing into Friday’s trading session, Solana has increased by 28.84% over the past 24 hours. For the record, SOLUSDT is -93.31% below all-time high of 259.96. On Thursday, SOL rose 25.43% to 17.66.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling but in oversold zone, our analysis is that there could be selling pressure as the outlook looks bearish.

For the month-to-date, SOL is down by -46.62% or -15.18 lower.

What can we expect from Solana today?

Looking ahead for the day, we are looking at 24.38 or 19.97 (R1) as important resistance levels and daily low of 13.14 and 14.24 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 18.87 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 -46.72%. Prior performance for the week ending 2022-11-06 was -0.97%.

Key levels to watch out:

R3 25.70
R2 22.29
R1 19.97
Daily Pivot 16.56
S1 14.24
S2 10.83
S3 8.51

Last updated: 01:54 am UTC, 11-Nov 2022

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