Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has gained 3.49% to $21.25.
InvestorsObserver is giving Solana a 37 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 37, placing it in the bottom 37% 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 is paired 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 at $20.34 and resistance set at $20.85. This leaves Solana out of range and potentially in a volatile position if the rally burns out.