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 $82.0200, marking a decline of 5.60% over the past 24 hours. The cryptocurrency has extended its losses over the weekly timeframe, falling 6.83% across the seven-day period. Solana's market capitalisation currently sits at $47,384,988,281. The Solana real time price reflects continued downward pressure across both short-term and medium-term trading periods.
The RSI (14) registers 37.2, positioning itself 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 considered oversold and above 70 overbought.
The MACD line sits at -1.4342, with the signal line at -1.1422 and the histogram at -0.2920. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price, tracking momentum through the interaction of these exponential moving averages.
Solana's price trades in the lower half of the Bollinger Bands channel, with the upper band at $92.0195, the middle line at $86.8205, and the lower band at $81.6215. Bollinger Bands measure price volatility and relative price levels by plotting standard deviations around a moving average.
Current trading volume reaches 47,384,990,000, representing 0.99 times the 20-period average of 47,704,947,450. Volume measures the total number of shares or contracts traded during a specific period, indicating the level of market activity and participation.
The Fear & Greed Index registers 28 out of 100, placing market sentiment in the "Fear" zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media activity on a scale from extreme fear (0) to extreme greed (100).
The Federal Reserve interest rate stands at 3.64%, whilst the Consumer Price Index reaches 332.407 with a monthly variation of +0.64%. The Fed funds rate measures the cost of borrowing money overnight between banks, and the CPI measures the average change in prices paid by consumers for goods and services.
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. The Nasdaq measures the performance of technology-heavy stocks, whilst the S&P 500 tracks the performance of 500 large-cap American companies across various sectors.
The VIX volatility index recorded 17.26 points. The VIX measures expected volatility in the S&P 500 index over the next 30 days, derived from options prices and often referred to as the "fear gauge" of equity markets.
Bitcoin dominance currently accounts for 58.36% of the total cryptocurrency market. Bitcoin dominance measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation, indicating Bitcoin's relative market share.
The Dollar Index (DTWEXBGS) trades at 118.04, down 0.30%. The Dollar Index measures the value of the US dollar against a basket of major foreign currencies, tracking the dollar's strength in international markets.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil sits at $101.56 per barrel. Gold measures store-of-value sentiment and inflation expectations, whilst WTI crude oil measures energy costs and global economic activity through petroleum pricing.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -5.60% 24h |
| RSI (14) | Negative | 37.2 |
| MACD | Negative | Hist: -0.2920 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 0.99x 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 |