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.
The Solana price today stands at $86.1100, marking a 2.16% increase over the past 24 hours. Over the weekly timeframe, SOL has declined 5.31%, reflecting mixed short-term performance. The cryptocurrency maintains a market capitalisation of $49,738,657,282, positioning it among the leading digital assets by market value. Solana real time data shows the token trading within established price ranges as market participants navigate current conditions.
The RSI (14) registers 35.0, placing it in 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 and above 70 overbought.
The MACD shows a reading of -1.4537, with the signal line at -0.8781 and the histogram at -0.5756. The MACD measures the relationship between two moving averages of an asset's price, consisting of the MACD line, signal line, and histogram that displays their difference.
Solana trades within the central zone of the Bollinger Bands channel, with the upper band at $97.6204, middle band at $89.1705, and lower band at $80.7206. Bollinger Bands measure price volatility and potential support and resistance levels using a moving average and standard deviations.
Current trading volume reaches 49,738,658,000, representing a 1.01x ratio against the 20-period average of 49,066,227,600. Volume measures the total number of shares or contracts traded during a specific period, indicating market participation levels.
The Fear & Greed Index stands at 27 out of 100, placing it in the "Fear" zone. This index measures market sentiment by analysing various factors including volatility, market momentum, and social media sentiment to gauge investor emotions.
The Federal Reserve interest rate sits 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 inflation levels respectively within the US economy.
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-focused companies and broad US equity market performance respectively.
The VIX recorded 17.26, reflecting current market conditions. The VIX measures implied volatility expectations for the S&P 500 over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance stands at 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the entire cryptocurrency market value relative to all other digital assets combined.
The US Dollar Broad Index (DTWEXBGS) registered 118.04 with a decline of 0.30%. This index measures the value of the US dollar against a broad basket of major trading partner currencies.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil reached $101.56 per barrel. These commodities measure precious metal store of value dynamics and global energy market conditions respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | +2.16% 24h |
| RSI (14) | Negative | 35.0 |
| MACD | Negative | Hist: -0.5756 |
| Bollinger Bands | Neutral | in the central zone of the channel |
| Volume | Neutral | 1.01x avg |
| Fear & Greed Index | Negative | 27/100 (Fear) |
| BTC Dominance | Negative | 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 |