Solana price increased by 3.47% over the past 24 hours.

Solana price increased by 3.47% over the past 24 hours.

Performance after Sunday 23-Oct
Period Pct Chg Momentum
Sunday 4.53% 1.27
Week ending 2022-10-23 -2.95% -0.89
October -13.02% -4.33

SOL Analysis

Solana (SOLUSDT) price for the week ending 2022-10-23 dropped -2.95% or -0.89 lower to 28.92. At time of writing into Monday’s trading session, Solana has increased by 3.47% over the past 24 hours. For the record, SOLUSDT is -88.88% below all-time high of 259.96. On Sunday, SOL rose 4.53% to 29.28.

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 -13.02% or -4.33 lower.

What can we expect from Solana today?

Looking ahead on Monday, immediate upside resistance level at 29.90 (R1) while on the downside, we are looking at daily low of 27.73 as an important support. Break below this level could weaken the current bullish momentum.
Solana need to break on either side to indicate a short-term bias. A break above 29.44 would suggest bullish bias after recent positive movement.

For the week ending 2022-10-23, take note that Solana is falling as the pair posted lower, down by -2.95%. Prior performance for the week ending 2022-10-16 was -8.35%.

Key levels to watch out:

R3 31.61
R2 30.53
R1 29.90
Daily Pivot 28.82
S1 28.19
S2 27.11
S3 26.48

Last updated: 02:53 am UTC, 24-Oct 2022

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