Solana (SOL) Falls 0.01%, Underperforms the Crypto Market Tuesday

Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has lost 1.23% to $21.1.

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 follows meaning that one day won’t make or break its rank.

SOL’s moderate volatility reading is coupled 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 in a favorable position going forward. With support at $20.63 and resistance near $21.5. This positions Solana with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.