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Solana (SOL) on Monday 13-Jun moved lower with -6.57% lower to 28.60.
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Performance after Monday 13-Jun
Period Pct Chg Momentum
Monday -6.57% -2.01
Week to-date -12.05% -3.69
June -41.20% -18.86

Solana Analysis

Solana (SOLUSDT) price for the week to-date dropped -12.05% or -3.69 lower to 26.92. At time of writing into Tuesday’s trading session, Solana has decreased by -7.62% over the past 24 hours. For the record, Solana is -89.64% below all-time high of 259.90. On Monday, SOL dropped -6.57% to 28.60.

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 -41.20% or -18.86 lower.

What can we expect from Solana today?

Looking ahead for the day, immediate support level is at 26.06333 (S1) with break below could see further selling pressure towards 23.52667 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 31.11000 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 26.05000 would indicate selling pressure.

For the week to-date, take note that Solana is falling as the pair posted lower, down by -12.05%. Prior performance for the week ending 2022-06-12 was -20.53%.

Key levels to watch out:

R3 36.18333
R2 33.64667
R1 31.12333
Daily Pivot 28.58667
S1 26.06333
S2 23.52667
S3 21.00333

Last updated: 02:36 am UTC, 14-Jun 2022

Disclaimer: We do not endorsed nor verified the posts provided by Twitter and post image were taken from Giphy and all rights reserved to the creator Cintia_Arias.

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