|Performance after Wednesday 01-Feb|
Solana (SOLUSDT) price for the week to-date dropped -2.49% or -0.65 lower to 25.42. At time of writing into Thursday’s trading session, Solana has increased by 6.49% over the past 24 hours. For the record, SOLUSDT is -90.22% below all-time high of 259.96. On Wednesday, SOL rose 4.52% to 25.00.
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.
End of January, SOL is up by 150.75% or 15.03 higher.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 25.99 (R1) while on the downside, we are looking at daily low of 22.48 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 25.22 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 -2.49%. Prior performance for the week ending 2023-01-29 was 7.68%.
Key levels to watch out:
Last updated: 01:52 am UTC, 02-Feb 2023