Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has added 3.22% to $17.17.
InvestorsObserver is giving Solana a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Solana!
Moderately Volatile
InvestorsObserver gives Solana a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. SOL's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Solana price is trading near resistance. With support around $16.23 and resistance at $17.28. This positions Solana with potential selling pressures ahead as it may be getting over extended.