SOLUSDT Chart by TradingView
| Performance after Wednesday 01-Mar | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 2.83% | 0.62 |  |
| Week to-date | -5.16% | -1.2 |  |
| March | -5.89% | -1.41 | |
SOL Analysis
Solana (SOLUSDT) price for the week to-date dropped -5.16% or -1.2 lower to 22.05. At time of writing into Thursday’s trading session, Solana has decreased by -0.09% over the past 24 hours. For the record, SOLUSDT is -91.52% below all-time high of 259.96. On Wednesday, SOL rose 2.83% to 22.51.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling but in oversold zone, our analysis is that there could be selling pressure as the outlook looks bearish.
End of February, SOL is down by -5.89% or -1.41 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 22.91 or trades above daily pivot 22.36. and daily low of 21.65 and 21.80 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A break above 22.91 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 -5.16%. Prior performance for the week ending 2023-02-26 was -6.40%.
Key levels to watch out:
| R3 | 24.32 |
| R2 | 23.62 |
| R1 | 23.06 |
| Daily Pivot | 22.36 |
| S1 | 21.80 |
| S2 | 21.10 |
| S3 | 20.54 |
Last updated: 02:50 am UTC, 02-Mar 2023
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