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Solana (SOL) on Wednesday 10-Aug rose 5.31% to 42.47.
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Performance after Wednesday 10-Aug
Period Pct Chg Momentum
Wednesday 5.31% 2.14
Week to-date 5.79% 2.35
August 1.42% 0.6

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 5.79% or 2.35 higher to 42.95. At time of writing into Thursday’s trading session, Solana has increased by 8.16% over the past 24 hours. For the record, SOLUSDT is -83.48% below all-time high of 259.96. On Wednesday, SOL rose 5.31% to 42.47.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.

For the month-to-date, SOL is up by 1.42% or 0.6 higher.

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 42.87 or trades above daily pivot 41.50. and daily low of 39.15 and 40.12 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 42.87 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is rising and up by 5.79% 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 47.56
R2 45.22
R1 43.84
Daily Pivot 41.50
S1 40.12
S2 37.78
S3 36.40

Last updated: 03:06 am UTC, 11-Aug 2022

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