Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has gained 2.18% to $20.71.
InvestorsObserver is giving Solana a 46 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 46, placing it in the bottom 46% of cryptos on the market.The Volatility Gauge takes into account 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 above resistance. With support near $20.19 and resistance at $20.38. This leaves Solana out of range and potentially in a volatile position if the rally burns out.