Solana's gain higher than Bitcoin Today
Solana's performance today is better than Bitcoin and Ethereum. Coinmarketcap data shows Solana gains 5.49% when Bitcoin is down 4.44% and Ethereum is down 5.23% in 24 hours
Today's Solana price performance is in the range of Low $165.41 and High $188.50, ATH at $260.06 occurred on 2021, November 7. Solana's market capitalization reached over $79 Billion at the time of writing.
Fear and greed index value 89 which means market extreme greed.
Solana/USD technical analysis
Investing's summary of technical indicators today gives buy signals with details of 4 indicators giving buy signals, 4 indicators giving neutral signals and 3 indicators giving sell signals. Moving averages also give buy signals with MAs in different periods. 8 indicators give buy signals and 4 indicators give sell signals.
On Ticktrader FXOpen, the Solana/USD price is now above the upper band line. It appears that the price has broken the upper band line and is showing strong bullishness.
The Bollinger band on the daily timeframe forms an upward channel with a wide upper and lower band distance, an indication of an uptrend market with high market volatility.
Price formed a bullish candlestick with an Open at 176.60, high at 188.62, low at 164.34, and close at 183.47.
MA 50 is below the middle band line forming an upward channel indicating an uptrend market with strong momentum.
The RSI indicator shows a value of 85 which means the price is in the overbought zone.
SOLUSD on H1 timeframe now the price is moving between the upper and middle band lines.
Bollinger bands in this time frame form a slight upward channel with wide band spacing, an indication of bullish sentiment with high volatility.
The RSI indicator shows a value of 56, which means the price is above the uptrend level.
Support and resistance
Referring to the H1 timeframe for the short term, support zone-based lower band line at roughly 166.75, middle band line at roughly 177.37, and resistance-based upper band at roughly 188.62.
solana is a great project. That's why its price increases so much.
Yes, today Solana's gain is still higher than Bitcoin and Ether. Happy trading