SOLUSDT Chart by TradingView
| Performance after Sunday 05-Mar | |||
| Period | Pct | Chg | Momentum |
| Sunday | -0.05% | -0.01 |  |
| Week ending 2023-02-26 | -9.81% | -2.28 |  |
| March | -5.07% | -1.11 | |
SOL Analysis
Solana (SOLUSDT) price for the week ending 2023-03-05 dropped -9.81% or -2.28 lower to 20.78. At time of writing into Monday’s trading session, Solana has decreased by -2.40% over the past 24 hours. For the record, SOLUSDT is -92.01% below all-time high of 259.96. On Sunday, SOL dropped -0.05% to 20.97.
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.
For the month-to-date, SOL is down by -5.07% or -1.11 lower.
What can we expect from Solana today?
Looking ahead on Monday, to see upside interest, we prefer to look at price breakout of last daily high of 21.72 or trades above daily pivot 21.18. and daily low of 20.84 and 20.63 (S1) as key support levels. Solana need to break on either side to indicate a short-term bias. A close below 20.84 would indicate selling pressure.
For the week ending 2023-03-05, take note that Solana is falling as the pair posted lower, down by -9.81%. Prior performance for the week ending 2023-02-26 was -6.40%.
Key levels to watch out:
| R3 | 22.39 |
| R2 | 22.06 |
| R1 | 21.51 |
| Daily Pivot | 21.18 |
| S1 | 20.63 |
| S2 | 20.30 |
| S3 | 19.75 |
Last updated: 02:24 am UTC, 06-Mar 2023
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