SOLUSDT Chart by TradingView
| Performance after Saturday 16-Jul | |||
| Period | Pct | Chg | Momentum |
| Saturday | 5.94% | 2.22 |  |
| Week to-date | 8.55% | 3.14 | |
| July | 18.04% | 6.09 | |
Solana Analysis
Solana (SOLUSDT) price for the week to-date gained 8.55% or 3.14 higher to 39.85. At time of writing into Sunday’s trading session, Solana has increased by 8.08% over the past 24 hours. For the record, Solana is -84.67% below all-time high of 259.96. On Saturday, SOL rose 5.94% to 39.58.
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 up by 18.04% or 6.09 higher.
What can we expect from Solana today?
Looking ahead for the day, immediate upside resistance level at 41.21 (R1) while on the downside, we are looking at daily low of 36.35 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 40.41 would suggest bullish bias after recent positive movement.
For the week to-date, take note that Solana is rising and up by 8.55% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-10 was 9.94%.
Key levels to watch out:
| R3 | 45.27 |
| R2 | 42.84 |
| R1 | 41.21 |
| Daily Pivot | 38.78 |
| S1 | 37.15 |
| S2 | 34.72 |
| S3 | 33.09 |
Last updated: 02:09 am UTC, 17-Jul 2022
