|Performance after Wednesday 13-Jul|
Solana (SOLUSDT) price for the week to-date dropped -5.61% or -2.06 lower to 34.65. At time of writing into Thursday’s trading session, Solana has increased by 4.75% over the past 24 hours. For the record, Solana is -86.67% below all-time high of 259.96. On Wednesday, SOL rose 6.92% to 34.94.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.
For the month-to-date, SOL is up by 2.64% or 0.89 higher.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 36.07 (R1) while on the downside, we are looking at daily low of 31.82 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 35.08 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 -5.61%. Prior performance for the week ending 2022-07-10 was 9.94%.
Key levels to watch out:
Last updated: 03:51 am UTC, 14-Jul 2022