Solana Came Into Today Up 0.63%

The Hourly View for Solana

  • At the moment, SOL’s price is up $1.03 (0.7%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Solana’s hourly price chart is shown below.

SOL

The Daily View for Solana

  • At the time of this writing, SOL’s price is up $0.92 (0.63%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between SOL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SOL’s price.

Below is a daily price chart of Solana.

SOL

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