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 $87.7100, marking a 1.91% increase over the past 24 hours. The weekly performance shows a decline of 6.04%, whilst the market capitalisation reaches $50.64 billion. Solana real time data indicates the token maintains its position as one of the leading blockchain platforms by market value. The current price level represents no change from the previous report, where SOL was trading at exactly $87.7100.
The RSI (14) registers 36.5, placing it in oversold territory. The Relative Strength Index measures the speed and magnitude of price movements on a scale from 0 to 100, with readings below 30 typically considered oversold conditions.
The MACD displays a value of -1.1345, with the signal line at -0.9761 and a histogram reading of -0.1584. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, showing momentum characteristics through the interaction of these components.
Solana's price currently trades within the central zone of the Bollinger Bands channel, with the upper band at $94.8077, the middle line at $88.1800, and the lower band at $81.5523. Bollinger Bands measure price volatility and provide dynamic support and resistance levels based on standard deviations from a moving average.
Current trading volume reaches 50.64 billion, representing a 1.04x ratio compared to the 20-period average of 48.49 billion. Volume measures the total amount of shares or contracts traded during a specific period, indicating the level of market participation.
The Fear & Greed Index stands at 29 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 activity to gauge investor emotions.
The Federal Reserve interest rate sits at 3.64%, whilst the Consumer Price Index records 332.407 with a monthly variation of +0.64%. These metrics measure monetary policy stance and inflation levels respectively.
The Nasdaq Composite closed at 26,225.14 points with a gain of 4.62%, and the S&P 500 ended 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 market volatility over the next 30 days based on S&P 500 options pricing.
Bitcoin dominance accounts for 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the overall digital asset market value.
The US Dollar Broad Index (DTWEXBGS) trades at 118.04, down 0.30%. This index measures the dollar's strength against a basket of major trading partner currencies.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil prices stand at $101.56 per barrel. These commodities measure precious metal values and energy costs respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | +1.91% 24h |
| RSI (14) | Negative | 36.5 |
| MACD | Negative | Hist: -0.1584 |
| Bollinger Bands | Neutral | in the central zone of the channel |
| Volume | Positive | 1.04x avg |
| Fear & Greed Index | Negative | 29/100 (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 |