|Performance after Friday 28-Oct|
Solana (SOLUSDT) price for the week to-date gained 9.15% or 2.68 higher to 31.96. At time of writing into Saturday’s trading session, Solana has increased by 3.63% over the past 24 hours. For the record, SOLUSDT is -87.71% below all-time high of 259.96. On Friday, SOL rose 4.87% to 32.07.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, SOL is down by -3.88% or -1.29 lower.
What can we expect from Solana today?
Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 32.54 or trades above daily pivot 31.57. and daily low of 30.11 and 30.61 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 32.54 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is rising and up by 9.15% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-23 was -2.95%.
Key levels to watch out:
Last updated: 02:54 am UTC, 29-Oct 2022