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 $87.41, marking a decline of 4.62% over the past 24 hours. The cryptocurrency has experienced a broader retreat over the weekly timeframe, with losses extending to 6.49% across the seven-day period. Solana's market capitalisation currently sits at $50.52 billion. The Solana real time price action places the asset within a sustained downward trajectory across both short and medium-term horizons, with consecutive sessions of negative performance recorded.
The RSI (14) registers at 36.4, positioning the indicator within oversold territory. The Relative Strength Index measures the velocity and magnitude of price movements on a scale from 0 to 100, with readings below 30 typically considered oversold conditions.
The MACD presents a reading of 0.5451, whilst the signal line stands at 1.5580, generating a histogram value of -1.0129. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price, with the histogram representing the difference between the MACD line and its signal line.
Solana's price currently trades within the lower half of the Bollinger Bands channel, positioned between the middle band at $92.82 and the lower band at $87.13, with the upper band established at $98.50. Bollinger Bands measure price volatility and provide dynamic support and resistance levels based on standard deviations from a moving average.
Trading volume registers at 50.52 billion, representing 0.94 times the 20-period average of 53.63 billion. Volume measures the total number of shares or contracts traded during a specified period, indicating the level of market participation and liquidity.
The Fear & Greed Index records a value of 31 out of 100, placing market sentiment within the "Fear" category. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed).
The Federal Reserve's benchmark interest rate stands at 3.64%, whilst the Consumer Price Index reached 332.407 with a monthly variation of 0.64%. The federal funds rate measures the cost of borrowing for banks, whilst 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 performance of 500 large-cap American companies and serves as a benchmark for the overall US equity market performance.
The VIX recorded a reading of 16.99 at the previous market close. The Volatility Index measures the market's expectation of 30-day forward-looking volatility based on S&P 500 index options pricing.
Bitcoin maintains a market dominance of 58.77% across the cryptocurrency ecosystem. Bitcoin dominance measures the percentage of Bitcoin's market capitalisation relative to the total cryptocurrency market capitalisation.
The Broad Dollar Index (DTWEXBGS) registered at 118.39, reflecting a decline of 0.29% from the previous session. This index measures the value of the US dollar against a basket of major trading partner currencies weighted by trade flows.
Gold trades at $4,545.25 per ounce, whilst WTI crude oil stands at $99.89 per barrel. Gold serves as a traditional store of value and inflation hedge, whilst WTI crude oil measures the price of light, sweet crude oil and serves as a benchmark for oil pricing in the Americas.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -4.62% 24h |
| RSI (14) | Negative | 36.4 |
| MACD | Negative | Hist: -1.0129 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Negative | 0.94x avg |
| Fear & Greed Index | Negative | 31/100 (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 |