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 $84.2900, recording a decline of 0.81% over the past 24 hours. The cryptocurrency has experienced a more pronounced downturn over the weekly timeframe, falling 10.92% across the seven-day period. Solana's market capitalisation currently sits at $48,702,610,706. The token maintains its position as a major blockchain platform, with its real time pricing reflecting ongoing market dynamics within the broader cryptocurrency ecosystem.
The RSI (14) registers 21.1, positioning Solana in 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 indicating oversold conditions.
The MACD shows a value of -1.4524, with the signal line at -0.5592 and the histogram recording -0.8932. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, helping identify momentum shifts through the interaction of these trend-following indicators.
Solana's price currently trades in the lower half of the Bollinger Bands channel, with the upper band at $99.1210, the middle band at $90.2200, and the lower band at $81.3190. Bollinger Bands measure price volatility and potential support and resistance levels by plotting standard deviations around a moving average.
Trading volume reaches 48,702,610,000, representing 0.98 times the 20-period average of 49,669,821,650. Volume measures the total number of shares or tokens traded during a specific period, providing insight into market activity levels and participant engagement.
The Fear & Greed Index stands at 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 trends across the cryptocurrency space.
The Federal Reserve maintains interest rates at 3.64%, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. These metrics measure monetary policy stance and inflationary pressures within the US economy respectively.
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 broad US equity market performance respectively.
The VIX registered 17.26 points at the previous session's close. The Volatility Index measures expected volatility in the US stock market based on S&P 500 options pricing over the next 30 days.
Bitcoin dominance accounts for 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the entire cryptocurrency market value, indicating the relative strength of the leading digital asset against alternative cryptocurrencies.
The US Dollar Index (DTWEXBGS) recorded 118.04, declining 0.30% from the previous session. This broad dollar index measures the value of the US dollar against a trade-weighted basket of major foreign currencies.
Gold trades at $4,537.74 per ounce in real time, whilst WTI crude oil reached $101.56 per barrel at the previous session's close. These commodities measure precious metal store-of-value dynamics and global energy market conditions respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -0.81% 24h |
| RSI (14) | Negative | 21.1 |
| MACD | Negative | Hist: -0.8932 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 0.98x 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 |