Solana price increased by 3.43% over the past 24 hours.

Solana price increased by 3.43% over the past 24 hours.

Performance after Friday 27-Jan
Period Pct Chg Momentum
Friday -3.04% -0.74
Week to-date 2.11% 0.51
January 147.94% 14.75

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 2.11% or 0.51 higher to 24.72. At time of writing into Saturday’s trading session, Solana has increased by 3.43% over the past 24 hours. For the record, SOLUSDT is -90.49% below all-time high of 259.96. On Friday, SOL dropped -3.04% to 23.59.

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 147.94% or 14.75 higher.

What can we expect from Solana today?

Looking ahead for the day, immediate support level is at 23.06 (S1) with break below could see further selling pressure towards 22.54 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 24.53 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 23.27 would indicate selling pressure.

For the week to-date, take note that Solana is rising and up by 2.11% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-22 was 5.77%.

Key levels to watch out:

R3 25.58
R2 25.06
R1 24.32
Daily Pivot 23.80
S1 23.06
S2 22.54
S3 21.80

Last updated: 01:24 am UTC, 28-Jan 2023

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