Solana price increased by 4.77% over the past 24 hours.

Solana price increased by 4.77% over the past 24 hours.

Performance after Tuesday 07-Feb
Period Pct Chg Momentum
Tuesday 1.02% 0.23
Week to-date 2.05% 0.48
February 0.13% 0.03

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 2.05% or 0.48 higher to 23.95. At time of writing into Wednesday’s trading session, Solana has increased by 4.77% over the past 24 hours. For the record, SOLUSDT is -90.79% below all-time high of 259.96. On Tuesday, SOL rose 1.02% to 22.89.

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 up by 0.13% or 0.03 higher.

What can we expect from Solana today?

Looking ahead for the day, we are looking at 23.72 or 23.03 (R1) as important resistance levels and daily low of 22.54 and 22.65 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 22.92 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is rising and up by 2.05% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-02-05 was -9.97%.

Key levels to watch out:

R3 23.41
R2 23.16
R1 23.03
Daily Pivot 22.78
S1 22.65
S2 22.40
S3 22.27

Last updated: 01:26 am UTC, 08-Feb 2023

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