|Performance after Tuesday 22-Nov|
Solana (SOLUSDT) price for the week to-date gained 3.02% or 0.37 higher to 12.64. At time of writing into Wednesday’s trading session, Solana has increased by 7.48% over the past 24 hours. For the record, SOLUSDT is -95.14% below all-time high of 259.96. On Tuesday, SOL dropped -1.01% to 11.71.
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 down by -61.18% or -19.92 lower.
What can we expect from Solana today?
Looking ahead for the day, we are looking at 12.29 or 11.96 (R1) as important resistance levels and daily low of 11.71 and 11.59 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 11.71 would indicate selling pressure.
For the week to-date, take note that Solana is rising and up by 3.02% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-11-20 was -6.90%.
Key levels to watch out:
Last updated: 01:26 am UTC, 23-Nov 2022