Solana price decreased by -2.83% over the past 24 hours.

Performance after Wednesday 08-Feb
Week to-date-0.68%-0.16

SOL Analysis

Solana (SOLUSDT) price for the week to-date dropped -0.68% or -0.16 lower to 23.31. At time of writing into Thursday’s trading session, Solana has decreased by -2.83% over the past 24 hours. For the record, SOLUSDT is -91.03% below all-time high of 259.96. On Wednesday, SOL rose 0.42% to 23.92.

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.

For the month-to-date, SOL is down by -2.55% or -0.61 lower.

What can we expect from Solana today?

Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 24.24 or trades above daily pivot 23.99. and daily low of 23.82 and 23.75 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 24.24 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 -0.68%. Prior performance for the week ending 2023-02-05 was -9.97%.

Key levels to watch out:

Daily Pivot23.99

Last updated: 01:25 am UTC, 09-Feb 2023

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