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 $93.4500, recording a decline of 0.26% over the past 24 hours. The cryptocurrency has gained 11.42% across the previous seven days. Solana's market capitalisation has reached $53,973,048,336. The token trades at the same price level as recorded in the previous report at $93.4500, showing no movement between these two data points. Solana real time pricing reflects this stability in the immediate term whilst maintaining its weekly gains.
The RSI (14) registers 80.5. This indicator measures the speed and magnitude of price changes on a scale from 0 to 100, with the current reading placing Solana in overbought territory above the 70 threshold.
The MACD shows a value of 2.1655, with the signal line at 1.3902 and a histogram reading of 0.7753. The MACD measures the relationship between two moving averages of a security's price, tracking momentum changes through the convergence and divergence of these averages.
Bollinger Bands (20,2) position the upper band at $94.4793, the middle band at $87.6135, and the lower band at $80.7477, with SOL's current price placing it in the upper half of the channel. These bands measure price volatility and potential support and resistance levels based on standard deviations from a moving average.
Current volume reaches 53,983,396,000, representing 1.12 times the 20-period average of 48,098,018,900. Volume measures the total number of shares or contracts traded during a specific period, indicating the level of market activity and participation.
The Fear & Greed Index stands at 47 out of 100, placing market sentiment in neutral territory. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media activity.
The Federal Reserve's interest rate closed the previous session at 3.64%, whilst the Consumer Price Index reached 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 stock performance of 500 large companies listed on US stock exchanges, serving as a benchmark for overall US equity market performance.
The VIX recorded 16.99 at the previous day's close. This index measures expected volatility in the S&P 500 over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance stands at 58.77%. This metric measures Bitcoin's market capitalisation as a percentage of the total cryptocurrency market capitalisation, indicating Bitcoin's relative weight within the crypto ecosystem.
The broad Dollar Index (DTWEXBGS) closed at 118.39, showing a decline of 0.29% from the previous session. This index measures the US dollar's value against a weighted basket of major foreign currencies.
Gold trades at $4,545.25 per ounce in real-time, whilst WTI crude oil closed the previous session at $99.89 per barrel. These commodities measure precious metal and energy sector valuations respectively, serving as indicators of inflation expectations and economic activity.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | -0.26% 24h |
| RSI (14) | Negative | 80.5 |
| MACD | Positive | Hist: 0.7753 |
| Bollinger Bands | Positive | in the upper half of the channel |
| Volume | Positive | 1.12x avg |
| Fear & Greed Index | Neutral | 47/100 (Neutral) |
| 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) | Positive | $99.89/barrel |