SOL Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 1.88% | 9.13% | 15.98% | 59.09% | 126.83 bn | 7.51 bn |
Solana (SOLUSDT) price over 7 days gained 9.13% to 232.81 . For the record, SOLUSDT is -21.30% below all-time high of 295.83.
Over the last 30 days, SOL is up by 15.98% while 12-month period is up by 59.09%.
For the week, our technical outlook seems stronger towards the upside as Solana is up over the last 7 days.
What can we expect from Solana today?
At time of writing, Solana has increased by 1.88% over the past 24 hours. Our daily analysis is that traders are more interested in accumulating SOL than selling.
Looking ahead for the day, immediate upside resistance level at 237.63 (R1) with break above could target 242.45 (R2), while on the downside we are looking at 228.15 (S1) or daily low of 228.31 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 223.49 (S2).
Key levels to watch out:
| R3 | 247.11 |
| R2 | 242.45 |
| R1 | 237.63 |
| Daily Pivot | 232.97 |
| S1 | 228.15 |
| S2 | 223.49 |
| S3 | 218.67 |
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.