Solana (SOL)

Current price: $ 49.36

24 hours price change: $ -4.26 (-7.94%)

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 April 24th, 2022 to May 24th, 2022.

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 04/24/2022 and 05/24/2022.

According to the performance of Solana between April 24th, 2022 and May 24th, 2022, Solana performed the best on Tuesdays. On average, the price of Solana increased 0.65% on Tuesday.

The weekday on which the Solana performed the worst, is Saturday. On Saturdays, the Solana declined in value on average by -2.39%.

Solana weekday performance

The Solana will almost not change or only slightly increase in value on an average Sunday. The average change of the Solana on Sundays is 0.11%. The standard deviation of the Solana is 0.10%, which means that in 68% of the Sundays, the range of the change of the Solana is 0.01% and 0.21%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Solana will increase or decrease in value on an average Monday. The average change on a Monday for the Solana is -0.06%. However, the standard deviation on this weekday is 0.28%. This means that on most Mondays, the change in value of the Solana is between -0.34% and 0.21%.

Historical performance on Tuesday do not show an increase in value of the Solana on which a prediction can be made. The Solana increased in value on average on an average Tuesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Solana on a Tuesday is between -0.31% and 1.60% (see also the table below).

Solana increased in value on an average Wednesday only slightly. The average increase in value of the Solana was 0.02%. 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 (0.07%). This means that on 68 percent of the Wednesdays, the change in price of the Solana is expected to be in the range of -0.05% and 0.09%.

Solana increased in value on an average Thursday only slightly. The average increase in value of the Solana was 0.14%. 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 (0.44%). This means that on 68 percent of the Thursdays, the change in price of the Solana is expected to be in the range of -0.31% and 0.58%.

The Solana declines in value on an average Friday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 1.90%. This means that it is not possible to say whether on a regular Friday the Solana will increase or decrease in value.

The Solana declines in value on an average Saturday with -2.39%. However, the uncertainty (or standard deviation) is quite large, namely 4.33%. This means that it is not possible to say whether on a regular Saturday the Solana will increase or decrease in value.

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 0.11% 0.10% 0.01% to 0.21%
Monday -0.06% 0.28% -0.34% to 0.21%
Tuesday 0.65% 0.95% -0.31% to 1.60%
Wednesday 0.02% 0.07% -0.05% to 0.09%
Thursday 0.14% 0.44% -0.31% to 0.58%
Friday -1.09% 1.90% -2.99% to 0.81%
Saturday -2.39% 4.33% -6.71% to 1.94%
 

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