SOL Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| -2.76% | -4.67% | -9.02% | -42.01% | 71.39 bn | 5.62 bn |
Solana (SOLUSDT) price over 7 days dropped -4.67% to 126.39 . For the record, SOLUSDT is -57.28% below all-time high of 295.83.
Over the last 30 days, SOL is down by -9.02% while 12-month period is down by -42.01%.
For the week, our technical outlook looks uncertain as Solana is not performing well over the last 7 days.
What can we expect from Solana today?
At time of writing, Solana has decreased by -2.76% over the past 24 hours. Our daily analysis is that there could be selling pressure.
Looking ahead for the day, immediate support level is at 121.54 (S1) with break below could see further selling pressure towards 116.68 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 135.43 as a possible indicator of buying interest. Break above could target 140.28. Rejection from the resistance level could suggest price consolidation.
Key levels to watch out:
| R3 | 145.14 |
| R2 | 140.28 |
| R1 | 133.34 |
| Daily Pivot | 128.48 |
| S1 | 121.54 |
| S2 | 116.68 |
| S3 | 109.74 |
About Solana
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. It is a layer 1 network that offers fast speeds and affordable costs. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.