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 $86.6500, recording a decline of 3.08% over the past 24 hours. The cryptocurrency has extended its downturn over the weekly timeframe, dropping 7.15% across the seven-day period. The market capitalisation currently sits at $50,096,922,881. This Solana real time price level matches the previous report's closing figure of $86.6500, indicating no movement since the last assessment.
The RSI (14) registers 35.3, positioning itself in oversold territory. The Relative Strength Index measures momentum by comparing the magnitude of recent gains against recent losses on a scale from 0 to 100.
The MACD displays a reading of -0.2668, with the signal line at 0.9814 and the histogram at -1.2482. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price to identify momentum changes.
Bollinger Bands show the upper band at $99.0513, the middle line at $92.6105, and the lower band at $86.1697, with the current price positioned in the lower half of the channel. Bollinger Bands measure price volatility and potential support and resistance levels using standard deviations around a moving average.
Current volume reaches 50,096,923,000, representing 0.98x the 20-period average of 51,034,730,450. Volume measures the total number of shares or contracts traded during a specific period, indicating the level of market participation.
The Fear & Greed Index records 31 out of 100, placing it firmly within the fear zone. This index measures market sentiment by analysing various factors including volatility, momentum, social media sentiment, and market dominance.
The Federal Reserve rate stands at 3.64%, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. The Fed rate measures the cost of borrowing between banks, whilst the CPI tracks changes in prices paid by consumers for goods and services.
The Nasdaq Composite closed at 26,225.14 points with a gain of 4.62%, and the S&P 500 finished at 7,408.50 points. These indices measure the performance of technology-heavy stocks and the broader US equity market respectively.
The VIX volatility index registered 17.26 points. The VIX measures expected volatility in the S&P 500 index over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance currently accounts for 58.36% of the total cryptocurrency market. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation.
The Dollar Index (DTWEXBGS) registered 118.04 with a decline of 0.30%. This index measures the value of the US dollar against a basket of major foreign currencies.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil stands at $101.56 per barrel. These commodities measure precious metal valuations and energy sector pricing respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -3.08% 24h |
| RSI (14) | Negative | 35.3 |
| MACD | Negative | Hist: -1.2482 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 0.98x avg |
| Fear & Greed Index | Negative | 31/100 (Fear) |
| BTC Dominance | Neutral | 58.4% |
| Nasdaq Composite | Positive | 26,225 pts |
| S&P 500 | Positive | 7,408 pts |
| VIX | Neutral | 17.26 |
| Fed Rates | Neutral | 3.64% |
| Dollar Index (DXY) | Negative | 118.04 |
| Gold | Positive | $4,538/oz |
| Oil (WTI) | Neutral | $101.56/barrel |