Solana price increased by 10.60% over the past 24 hours.

SOLUSDT Chart by TradingView

Performance after Wednesday 15-Feb
Period	Pct	Chg	Momentum
Wednesday	9.25%	2.02
Week to-date	11.21%	2.41
February	-0.08%	-0.02

SOL Analysis

Solana (SOLUSDT) price for the week to-date gained 11.21% or 2.41 higher to 23.90. At time of writing into Thursday’s trading session, Solana has increased by 10.60% over the past 24 hours. For the record, SOLUSDT is -90.81% below all-time high of 259.96. On Wednesday, SOL rose 9.25% to 23.86.

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 -0.08% or -0.02 lower.

What can we expect from Solana today?

Looking ahead for the day, immediate upside resistance level at 24.75 (R1) while on the downside, we are looking at daily low of 21.45 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 23.99 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Solana is rising and up by 11.21% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-02-12 was -8.44%.

Key levels to watch out:

Last updated: 02:20 am UTC, 16-Feb 2023

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