Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has declined 1.54% to $20.28.
InvestorsObserver is giving Solana a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Solana!
The Volatility Gauge analyzes 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.
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Solana price is well positioned going forward. With support set at $19.61 and resistance around $20.96. This leaves Solana with room to run before facing selling pressures.
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