SOLUSDT Chart by TradingView
| Performance after Friday 03-Mar | |||
| Period | Pct | Chg | Momentum |
| Friday | -2.64% | -0.58 |  |
| Week to-date | -8.26% | -1.92 | |
| March | -2.56% | -0.56 | |
SOL Analysis
Solana (SOLUSDT) price for the week to-date dropped -8.26% or -1.92 lower to 21.33. At time of writing into Saturday’s trading session, Solana has increased by 2.70% over the past 24 hours. For the record, SOLUSDT is -91.79% below all-time high of 259.96. On Friday, SOL dropped -2.64% to 21.42.
On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising but in oversold zone, our analysis is that the price action might be set for a rebound.
For the month-to-date, SOL is down by -2.56% or -0.56 lower.
What can we expect from Solana today?
Looking ahead for the day, immediate support level is at 20.50 (S1) with break below could see further selling pressure towards 19.58 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 22.02 as an important indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. Solana need to break on either side to indicate a short-term bias. A close below 20.34 would indicate selling pressure.
For the week to-date, take note that Solana is falling as the pair posted lower, down by -8.26%. Prior performance for the week ending 2023-02-26 was -6.40%.
Key levels to watch out:
| R3 | 23.86 |
| R2 | 22.94 |
| R1 | 22.18 |
| Daily Pivot | 21.26 |
| S1 | 20.50 |
| S2 | 19.58 |
| S3 | 18.82 |
Last updated: 02:50 am UTC, 04-Mar 2023
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