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 $90.9700, marking a decline of 4.30% over the past 24 hours. Over the weekly timeframe, SOL has gained 2.05%, demonstrating mixed short-term performance. The market capitalisation has reached $52,604,158,876, positioning Solana amongst the leading cryptocurrencies by market value. Solana real time data shows the token trading within established price ranges as market participants assess current conditions.
The RSI (14) registers at 56.3, placing it in neutral 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 and below 30 oversold.
The MACD line sits at 1.8404, whilst the signal line reads 2.3303, producing a histogram value of -0.4899. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price, tracking momentum changes through the interaction of these components.
Solana's price currently trades within the central zone of the Bollinger Bands, with the upper band at $98.5827, the middle line at $92.5225, and the lower band at $86.4623. Bollinger Bands measure price volatility by plotting standard deviations around a moving average, creating dynamic support and resistance levels.
Current trading volume stands at 52,604,158,000, representing a ratio of 0.98x compared to the 20-period average of 53,427,758,400. Volume measures the total number of shares or contracts traded during a specific period, indicating the level of market participation and liquidity.
The Fear & Greed Index records a reading of 34 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 trends on a scale from 0 (extreme fear) to 100 (extreme greed).
The Federal Reserve's interest rate stands at 3.64%, whilst the Consumer Price Index has reached 332.407 with a monthly variation of +0.64%. The Fed funds rate measures the cost of borrowing money overnight between banks, and the CPI measures the average change in prices paid by consumers for goods and services over time.
The S&P 500 closed at 7,200.75 points in the previous session. The S&P 500 measures the stock performance of 500 large companies listed on exchanges in the United States, serving as a benchmark for the broader American equity market.
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, derived from S&P 500 index options prices.
Bitcoin dominance currently stands at 58.77% of the total cryptocurrency market. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation, indicating the leading cryptocurrency's relative market position.
The broad US Dollar Index (DTWEXBGS) closed at 118.39, down 0.29% from the previous session. This index measures the value of the United States dollar relative to a basket of foreign currencies from major trading partners.
Gold trades at $4,545.25 per ounce, whilst WTI crude oil closed at $99.89 per barrel in the previous session. Gold measures the spot price of the precious metal in US dollars per troy ounce, and WTI crude oil measures the price of West Texas Intermediate crude oil, a benchmark for oil pricing in North America.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -4.30% 24h |
| RSI (14) | Neutral | 56.3 |
| MACD | Negative | Hist: -0.4899 |
| Bollinger Bands | Neutral | in the central zone of the channel |
| Volume | Neutral | 0.98x avg |
| Fear & Greed Index | Negative | 34/100 (Fear) |
| BTC Dominance | Negative | 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 |