Solana (SOL)

Current price: $ 169.11

24 hours price change: $ 10.76 (6.80%)

Daily analysis of Solana (SOL) - 1 month

The performance of Solana regarding the price differs every day. To make the best decision to buy Solana, we are analysis in this article the performance of Solana on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 19th, 2024 to July 19th, 2024.

In the barchart below, the weekdays and average performance of Solana are shown side by side.

Average daily change in price of Solana per weekday between 06/19/2024 and 07/19/2024.

According to the performance of Solana between June 19th, 2024 and July 19th, 2024, Solana performed the best on Thursdays. On average, the price of Solana increased 1.87% on Thursday.

The weekday on which the Solana performed the worst, is Friday. On Fridays, the Solana declined in value on average by -1.27%.

Solana weekday performance

On an average Sunday the Solana shows an increase in value of 1.21%. However, the change of Solana on most of the Sundays is between -0.75% and 3.16%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Solanas.

Solana increased in value on an average Monday only slightly. The average increase in value of the Solana was 0.07%. Allthough the Solana closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.15%). This means that on 68 percent of the Mondays, the change in price of the Solana is expected to be in the range of -0.09% and 0.22%.

It is hard to tell whether the Solana will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Solana is -0.27%. However, the standard deviation on this weekday is 0.32%. This means that on most Tuesdays, the change in value of the Solana is between -0.59% and 0.04%.

It is hard to tell whether the Solana will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Solana is -0.07%. However, the standard deviation on this weekday is 0.14%. This means that on most Wednesdays, the change in value of the Solana is between -0.21% and 0.08%.

On an average Thursday the Solana shows an increase in value of 1.87%. However, the change of Solana on most of the Thursdays is between -1.88% and 5.62%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Solanas.

The Solana declines in value on an average Friday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 2.65%. This means that it is not possible to say whether on a regular Friday the Solana will increase or decrease in value.

It is hard to tell whether the Solana will increase or decrease in value on an average Saturday. The average change on a Saturday for the Solana is -0.06%. However, the standard deviation on this weekday is 0.17%. This means that on most Saturdays, the change in value of the Solana is between -0.23% and 0.11%.

Solana weekday performance details

Find below the details of the performance of Solana per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 1.21% 1.96% -0.75% to 3.16%
Monday 0.07% 0.15% -0.09% to 0.22%
Tuesday -0.27% 0.32% -0.59% to 0.04%
Wednesday -0.07% 0.14% -0.21% to 0.08%
Thursday 1.87% 3.75% -1.88% to 5.62%
Friday -1.27% 2.65% -3.92% to 1.37%
Saturday -0.06% 0.17% -0.23% to 0.11%
 

About Us

: Financial indicators for cryptocurrencies