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 $86.9200, recording a modest gain of 0.41% over the past 24 hours. Over the weekly timeframe, SOL has declined by 4.06%, reflecting recent bearish pressure. The network maintains a market capitalisation of $50,237,606,590, positioning it amongst the leading blockchain platforms by valuation. Solana real time data shows the token trading within established ranges as market participants assess current conditions.
The RSI (14) registers 40.7, positioning within bearish territory. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with readings below 50 typically indicating downward momentum has been prevalent.
The MACD displays -1.0610 against a signal line of -1.0215, producing a histogram reading of -0.0395. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, tracking momentum shifts through the interaction of these trend-following indicators.
Bollinger Bands show an upper boundary at $93.6727, middle line at $87.7830, and lower band at $81.8933, with the current price positioned within the central zone of this channel. Bollinger Bands measure price volatility and provide dynamic support and resistance levels based on standard deviations from a moving average.
Current volume reaches 50,237,608,000, representing 1.04 times the 20-period average of 48,261,576,100. Volume measures the total amount of trading activity, indicating the level of market participation and liquidity during specified timeframes.
The Fear & Greed Index records 28 out of 100, placing market sentiment firmly in fear territory. 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, showing a monthly variation of +0.64%. These metrics measure monetary policy stance and inflation levels respectively, reflecting the broader economic environment.
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 broad market conditions respectively across major US equity markets.
The VIX volatility index registered 17.26, indicating measured uncertainty levels. The VIX measures implied volatility expectations in the US stock market, often referred to as the "fear gauge" for equity markets.
Bitcoin dominance stands at 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's relative market share compared to all other digital assets, reflecting the leading cryptocurrency's market position.
The Dollar Index (DTWEXBGS) recorded 118.04 with a decline of 0.30%. This index measures the US dollar's strength against a basket of major trading partner currencies, indicating relative currency performance.
Gold trades at $4,537.74 per ounce whilst WTI crude oil reached $101.56 per barrel. These commodities measure precious metals performance and energy sector pricing respectively, serving as traditional stores of value and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | +0.41% 24h |
| RSI (14) | Negative | 40.7 |
| MACD | Negative | Hist: -0.0395 |
| Bollinger Bands | Neutral | in the central zone of the channel |
| Volume | Positive | 1.04x avg |
| Fear & Greed Index | Negative | 28/100 (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 |