Solana (SOL)

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Daily analysis of Solana (SOL) - 1 year

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 year, starting on May 24th, 2023 to May 17th, 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 05/24/2023 and 05/17/2024.

According to the performance of Solana between May 24th, 2023 and May 17th, 2024, Solana performed the best on Fridays. On average, the price of Solana increased 0.29% on Friday.

The weekday on which the Solana performed the worst, is Tuesday. On Tuesdays, the Solana declined in value on average by -0.23%.

Solana weekday performance

Solana increased in value on an average Sunday only slightly. The average increase in value of the Solana was 0.08%. 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 (1.07%). This means that on 68 percent of the Sundays, the change in price of the Solana is expected to be in the range of -0.99% and 1.15%.

Solana increased in value on an average Monday only slightly. The average increase in value of the Solana was 0.05%. 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 (1.36%). This means that on 68 percent of the Mondays, the change in price of the Solana is expected to be in the range of -1.30% and 1.41%.

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 -0.23%. However, the standard deviation on this weekday is 1.75%. This means that on most Tuesdays, the change in value of the Solana is between -1.98% and 1.52%.

Solana increased in value on an average Wednesday only slightly. The average increase in value of the Solana was 0.11%. 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 (1.92%). This means that on 68 percent of the Wednesdays, the change in price of the Solana is expected to be in the range of -1.81% and 2.03%.

Solana increased in value on an average Thursday only slightly. The average increase in value of the Solana was 0.25%. 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 (1.46%). This means that on 68 percent of the Thursdays, the change in price of the Solana is expected to be in the range of -1.21% and 1.71%.

Solana increased in value on an average Friday only slightly. The average increase in value of the Solana was 0.29%. 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 (1.44%). This means that on 68 percent of the Fridays, the change in price of the Solana is expected to be in the range of -1.15% and 1.72%.

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 1.20%. This means that on most Saturdays, the change in value of the Solana is between -1.26% and 1.14%.

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 0.08% 1.07% -0.99% to 1.15%
Monday 0.05% 1.36% -1.30% to 1.41%
Tuesday -0.23% 1.75% -1.98% to 1.52%
Wednesday 0.11% 1.92% -1.81% to 2.03%
Thursday 0.25% 1.46% -1.21% to 1.71%
Friday 0.29% 1.44% -1.15% to 1.72%
Saturday -0.06% 1.20% -1.26% to 1.14%
 

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