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 $86.7300, marking a modest gain of 0.09% over the past 24 hours. The cryptocurrency has experienced a more pronounced decline over the weekly timeframe, falling 10.06% across the seven-day period. Solana's market capitalisation currently sits at $50,161,163,797. Compared to the previous report, the Solana real time price remains unchanged at $86.7300, maintaining its position from the prior observation.
The RSI (14) registers 29.3, placing it within the oversold territory. The RSI measures the speed and magnitude of price changes on a scale from 0 to 100, with readings below 30 typically considered oversold conditions.
The MACD line sits at -0.6642, whilst the signal line reads 0.4496, generating a histogram value of -1.1138. The MACD measures the relationship between two moving averages of an asset's price, tracking momentum changes through the convergence and divergence of these averages.
Bollinger Bands show an upper band at $99.2605, a middle band at $91.9805, and a lower band at $84.7005, with the current price positioned in the lower half of the channel. Bollinger Bands measure price volatility and provide dynamic support and resistance levels based on standard deviations from a moving average.
Current trading volume stands at 50,161,164,000, representing 0.99x the 20-period average of 50,678,482,300. Volume measures the total amount of shares or contracts traded during a specific period, indicating the level of market activity and participation.
The Fear & Greed Index registers 27 out of 100, placing it firmly within the fear zone. This index measures market sentiment by analysing various factors including volatility, market momentum, and social media sentiment to gauge whether investors are behaving fearfully or greedily.
The Federal Reserve interest rate stands at 3.64%, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. These metrics measure the cost of borrowing money and the rate of inflation in consumer goods and services respectively.
The Nasdaq Composite closed at 26,225.14 points, gaining 4.62%, whilst the S&P 500 finished at 7,408.50 points. These indices measure the performance of technology-focused companies and the broader US stock market respectively.
The VIX closed at 17.26 points. The VIX measures implied volatility in the US stock market, often referred to as the market's fear gauge, indicating expected price fluctuations over the next 30 days.
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) trades at 118.04, declining 0.30%. This index measures the value of the US dollar against a basket of major foreign currencies, indicating the dollar's relative strength in international markets.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil stands at $101.56 per barrel. These commodities measure the value of precious metals as a store of value and energy costs respectively, serving as indicators of economic sentiment and inflationary pressures.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Neutral | +0.09% 24h |
| RSI (14) | Negative | 29.3 |
| MACD | Negative | Hist: -1.1138 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 0.99x avg |
| Fear & Greed Index | Negative | 27/100 (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) | Positive | $101.56/barrel |