Solana SOL
⚠️ Notice: This report describes the state of the market at the time of its generation. It does not constitute financial advice or investment recommendation. Any investment decision is the sole responsibility of the reader.
The Solana price today stands at $88.1500, marking a decline of 2.22% over the past 24 hours. The cryptocurrency has gained 4.89% over the seven-day period, demonstrating mixed short-term performance. Solana maintains a market capitalisation of $50,900,834,028, positioning it amongst the major cryptocurrencies by total value. The current price level represents the same value as recorded in the previous report at $88.1500, showing no change from the last assessment point.
The RSI (14) registers 71.2, placing it in the overbought territory above the traditional 70 threshold. The RSI measures the speed and magnitude of price changes on a scale from 0 to 100, indicating the momentum of recent price movements.
The MACD shows a value of 1.0651 against a signal line of 0.5288, producing a histogram reading of 0.5362. The MACD measures the relationship between two moving averages of a security's price, tracking the convergence and divergence of these trend-following indicators.
Solana real time price trades in the upper half of the Bollinger Bands channel, positioned between the middle band at $85.3210 and the upper band at $89.8064. Bollinger Bands measure price volatility and provide relative price levels based on standard deviations from a moving average.
Current trading volume reaches 50,900,832,000, representing 1.09 times the 20-period average of 46,744,039,150. Volume measures the total number of shares or contracts traded during a specific time period, indicating market participation levels.
The Fear & Greed Index records 38 out of 100, placing market sentiment in the Fear zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media activity.
The Federal Reserve maintains interest rates at 3.64%, whilst the Consumer Price Index stands at 330.293 with a monthly variation of 0.87%. These metrics measure monetary policy stance and inflation levels respectively within the US economy.
The S&P 500 closed at 7,200.75 points in the previous session. This index measures the performance of 500 large-cap American companies, serving as a broad indicator of US equity market performance.
The VIX volatility index recorded 16.99 at the previous close. The VIX measures implied volatility expectations in the S&P 500 index options, often referred to as the market's fear gauge.
Bitcoin dominance represents 58.77% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the entire digital asset market value compared to all other cryptocurrencies combined.
The US Dollar Index (DTWEXBGS) closed at 118.39, showing a decline of 0.29% from the previous session. This index measures the dollar's strength against a basket of major trading partner currencies.
Gold trades at $4,545.25 per ounce in current markets, whilst WTI crude oil closed at $99.89 per barrel. These commodities measure precious metal values and energy costs respectively, serving as traditional inflation hedges and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | -2.22% 24h |
| RSI (14) | Positive | 71.2 |
| MACD | Positive | Hist: 0.5362 |
| Bollinger Bands | Positive | in the upper half of the channel |
| Volume | Positive | 1.09x avg |
| Fear & Greed Index | Negative | 38/100 (Fear) |
| BTC Dominance | Neutral | 58.8% |
| Nasdaq Composite | Positive | 25,068 pts |
| S&P 500 | Positive | 7,201 pts |
| VIX | Neutral | 16.99 |
| Fed Rates | Neutral | 3.64% |
| Dollar Index (DXY) | Negative | 118.39 |
| Gold | Positive | $4,545/oz |
| Oil (WTI) | Neutral | $99.89/barrel |