Solana price increased by 9.86% over the past 24 hours.

Solana price increased by 9.86% over the past 24 hours.

Performance after Friday 12-Aug
Period Pct Chg Momentum
Friday 6.34% 2.71
Week to-date 15.86% 6.44
August 11.07% 4.69

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 15.86% or 6.44 higher to 47.04. At time of writing into Saturday’s trading session, Solana has increased by 9.86% over the past 24 hours. For the record, SOLUSDT is -81.90% below all-time high of 259.96. On Friday, SOL rose 6.34% to 45.48.

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 11.07% or 4.69 higher.

What can we expect from Solana today?

Looking ahead for the day, immediate upside resistance level at 46.61 (R1) while on the downside, we are looking at daily low of 42.12 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 45.49 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is rising and up by 15.86% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-08-07 was -4.13%.

Key levels to watch out:

R3 49.98
R2 47.73
R1 46.61
Daily Pivot 44.36
S1 43.24
S2 40.99
S3 39.87

Last updated: 02:51 am UTC, 13-Aug 2022

Leave a Reply

Your email address will not be published. Required fields are marked *