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.
Solana price today stands at $93.76, recording a 6.33% increase over the past 24 hours. The cryptocurrency has extended its gains across the weekly timeframe, posting an 11.87% rise over the past seven days. The market capitalisation has reached $54.14 billion at current pricing levels. Solana real time data shows the token maintaining its position above recent trading ranges following this sustained upward movement.
The RSI (14) registers 83.6, placing it in extremely overbought territory. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with readings above 70 typically considered overbought conditions.
The MACD stands at 1.8041 against a signal line of 1.0325, producing a positive histogram value of 0.7716. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, showing momentum through the interaction of these trend-following indicators.
The current price of $93.76 trades above the upper Bollinger Band at $92.63, with the middle band at $86.61 and lower band at $80.59. Bollinger Bands measure volatility and relative price levels by plotting standard deviations around a moving average.
Trading volume reached 54.14 billion, representing a 1.14x ratio compared to the 20-period average of 47.51 billion. Volume measures the total number of shares or contracts traded during a specific period, indicating the level of market activity.
The Fear & Greed Index registers 38 out of 100, positioning it within the Fear zone. This index measures market sentiment by analysing various factors including volatility, market momentum, and social media sentiment to gauge investor emotions.
The Federal Reserve interest rate closed at 3.64% whilst the Consumer Price Index reached 330.293 with a monthly variation of +0.87%. These indicators 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 stock performance of 500 large companies listed on stock exchanges in the United States, serving as a benchmark for the broader equity market.
The VIX closed at 16.99 in the prior session. The Volatility Index measures expected volatility in the S&P 500 over the next 30 days, derived from options pricing data.
Bitcoin dominance stands at 58.77% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the combined market value of all cryptocurrencies.
The Dollar Index (DTWEXBGS) registered 118.39, showing a decline of 0.29% from the previous session. This broad index measures the US dollar's strength against a basket of major trading partner currencies.
Gold trades at $4,545.25 per ounce whilst WTI crude oil stands at $99.89 per barrel. These commodities measure precious metal and energy sector pricing respectively, serving as traditional stores of value and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | +6.33% 24h |
| RSI (14) | Negative | 83.6 |
| MACD | Positive | Hist: 0.7716 |
| Bollinger Bands | Positive | above the upper band |
| Volume | Positive | 1.14x 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 |