Should You Sell Solana (SOL) Thursday?

Thursday, January 06, 2022 10:40 AM | InvestorsObserver Analysts

Solana receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

InvestorsObserver is giving Solana a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Solana!

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Trading Analysis

SOL's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. The price of Solana is -11.69% lower over the last 24 hours, leading to its current value of $148.88. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $46,066,080,658.37, meanwhile $2,917,920,831.81 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Solana an average risk analysis.

Summary

Recent price movement of SOL gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the coin's manipulability at the moment. Click Here to get the full Report on Solana (SOL).