Solana (SOL) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Distributed Software Platform has dropped 4.99% to $178.65.
InvestorsObserver is giving Solana a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on Solana!
Low Volatility
InvestorsObserver gives Solana a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. SOL's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Solana price is favorably positioned going forward. With support around $167.07 and resistance set at $184.97. This leaves Solana with room to run before facing selling pressures.