Solana (SOL) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has added 8.13% to $23.12.
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 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.
Solana price is trading above resistance. With support set at $20.43 and resistance at $22.03. This leaves Solana out of range and potentially in a volatile position if the rally burns out.
Credit: Source link