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 $85.44, recording a modest gain of 0.88% over the past 24 hours. The weekly performance shows a decline of 11.58%, reflecting recent downward pressure on the token. Solana's market capitalisation has reached $49.41 billion, positioning it amongst the largest cryptocurrencies by market value. The current price level represents the exact same value as recorded in the previous report at $85.44, showing stability at this particular price point over the immediate short term.
The RSI (14) registers 23.3, placing it firmly within oversold territory. The Relative Strength Index 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 shows a value of -1.2866 against a signal line of -0.3342, producing a histogram reading of -0.9523. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, tracking momentum through the interaction of these trend-following indicators.
Solana real time price sits in the lower half of the Bollinger Bands channel, with the upper band at $99.28, middle line at $90.69, and lower band at $82.10. Bollinger Bands measure price volatility and relative price levels by creating a channel around a moving average using standard deviations.
Current volume stands at approximately $49.41 billion, representing 0.99x the 20-period average of $49.94 billion. Trading volume measures the total value of shares or tokens traded during a specific time period, indicating the level of market activity and liquidity.
The Fear & Greed Index records a value of 25 out of 100, placing market sentiment in the "Extreme Fear" zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media sentiment to gauge investor behaviour.
The Federal Reserve interest 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 money in the US economy, 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%, whilst the S&P 500 reached 7,408.50 points. These indices measure the performance of technology-heavy stocks and the broader US stock market respectively, serving as barometers for overall market health.
The VIX closed at 17.26 points in the previous session. The Volatility Index measures expected volatility in the US stock market over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance currently stands at 58.36% of the total cryptocurrency market. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation, indicating its relative size and influence within the digital asset space.
The US Dollar Index (DTWEXBGS) registered 118.04 with a decline of 0.30%. This broad index measures the value of the US dollar against a basket of major trading partner currencies, reflecting the dollar's relative strength in international markets.
Gold trades at $4,537.74 per ounce in real-time markets, whilst WTI crude oil was priced at $101.56 per barrel in the previous session. These commodities measure precious metal valuations and energy costs respectively, serving as indicators of inflation expectations and global economic activity.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | +0.88% 24h |
| RSI (14) | Negative | 23.3 |
| MACD | Negative | Hist: -0.9523 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 0.99x avg |
| Fear & Greed Index | Negative | 25/100 (Extreme 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 |