Solana spiked above $52 today, following network growth due to investors seeking a cheaper alternative to Ethereum.
The coin has since fallen back to $46.
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Coin Metrics:
The 200 Simple Moving Average (SMA) is at: $13.0.
The percentage distance from the latest SOL price and the 200 SMA is: 254.0%.
A coin with a percentage distance greater than 100% can be considered to be overbought, and might see a correction in the near future. Note however, that coins can remain very far from their 200 SMA during extended bull runs.
Average Candle Height (ACH) for SOL: 12.9%.
Average Candle Height is calculated as the average height of all candles (high - low) as a percentage of the high price. Bitcoin typically has about 5% ACH, while large marketcap coins like Litecoin have around 8% ACH. Exceptionally volatile coins like 1INCH can have 15% ACH or more.
The number of 1d candles measured in this calculation were: 279.
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The coin has since fallen back to $46.
----------
Coin Metrics:
The 200 Simple Moving Average (SMA) is at: $13.0.
The percentage distance from the latest SOL price and the 200 SMA is: 254.0%.
A coin with a percentage distance greater than 100% can be considered to be overbought, and might see a correction in the near future. Note however, that coins can remain very far from their 200 SMA during extended bull runs.
Average Candle Height (ACH) for SOL: 12.9%.
Average Candle Height is calculated as the average height of all candles (high - low) as a percentage of the high price. Bitcoin typically has about 5% ACH, while large marketcap coins like Litecoin have around 8% ACH. Exceptionally volatile coins like 1INCH can have 15% ACH or more.
The number of 1d candles measured in this calculation were: 279.
----------
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