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 $93.8900, registering a modest gain of 0.22% over the past 24 hours. The weekly performance shows a more substantial increase of 11.90%, indicating stronger momentum across the seven-day period. The market capitalisation has reached $54,201,358,259, positioning SOL as a major cryptocurrency by total value. The current Solana real time price reflects stability in recent trading sessions whilst maintaining the gains accumulated throughout the week.
The RSI (14) registers 83.9, placing it in the overbought territory above the typical 70 threshold. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, indicating whether an asset has experienced rapid price movements recently.
The MACD shows a reading of 2.3015, with the signal line at 1.5778 and a histogram value of 0.7237. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, tracking momentum changes through the interaction of these trend-following indicators.
Solana's price currently trades in the upper half of the Bollinger Bands channel, with the upper band at $95.2700, middle band at $88.1150, and lower band at $80.9600. Bollinger Bands measure price volatility and relative price levels by creating dynamic support and resistance levels based on standard deviations from a moving average.
Current trading volume reaches 54,201,356,000, representing a ratio of 1.12x compared to the 20-period average of 48,392,114,350. Volume measures the total number of shares or tokens traded during a specific period, indicating the level of market participation and liquidity.
The Fear & Greed Index stands at 47 out of 100, placing it in the neutral zone. This index measures market sentiment by analysing various factors including volatility, trading volume, and social media activity to gauge whether investors are displaying fearful or greedy behaviour.
The Federal Reserve's benchmark interest rate stands at 3.64%, whilst the Consumer Price Index reached 330.293 with a monthly variation of +0.87%. These metrics measure the cost of borrowing money and the rate of inflation in consumer goods and services respectively.
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 overall market performance.
The VIX closed at 16.99 in the previous trading session. The Volatility Index measures the market's expectation of 30-day forward-looking volatility based on S&P 500 index options, often referred to as the "fear gauge" of equity markets.
Bitcoin dominance currently stands at 58.77% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market, indicating the relative size and influence of Bitcoin compared to all other digital assets.
The US Dollar Broad Index (DTWEXBGS) registered 118.39, down 0.29% from the previous session. This index measures the value of the US dollar against a broad basket of major trading partner currencies, weighted by trade flows.
Gold trades at $4,545.25 per ounce in real-time, whilst WTI crude oil closed at $99.89 per barrel in the previous session. These commodities measure the value of precious metals as a store of value and energy costs as a key economic input respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | +0.22% 24h |
| RSI (14) | Negative | 83.9 |
| MACD | Positive | Hist: 0.7237 |
| 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 |