Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has advanced 1.24% to $24.81.
InvestorsObserver is giving Solana a 47 Volatility Rank. Find out what this means to you and get the rest of the rankings on Solana!
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.
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Solana price is trading near resistance. With support at $24.17 and resistance set at $24.83. This positions Solana with potential selling pressures ahead as it may be getting over extended.
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