Solana (SOL)

Current price: $ 25.57

24 hours price change: $ 1.47 (6.10%)

Daily analysis of Solana (SOL) - 6 months

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 6 months, starting on July 30th, 2022 to January 30th, 2023.

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 07/30/2022 and 01/30/2023.

According to the performance of Solana between July 30th, 2022 and January 30th, 2023, Solana performed the best on Mondays. On average, the price of Solana increased 0.83% on Monday.

The weekday on which the Solana performed the worst, is Tuesday. On Tuesdays, the Solana declined in value on average by -0.08%.

Solana weekday performance

Solana increased in value on an average Sunday only slightly. The average increase in value of the Solana was 0.20%. 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 (3.36%). This means that on 68 percent of the Sundays, the change in price of the Solana is expected to be in the range of -3.16% and 3.56%.

Historical performance on Monday 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 Monday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Solana on a Monday is between -1.74% and 3.39% (see also the table below).

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 -0.08%. However, the standard deviation on this weekday is 1.09%. This means that on most Tuesdays, the change in value of the Solana is between -1.16% and 1.01%.

On an average Wednesday, the Solana increased 0.36%. However, since the expected deviation is 2.52%, the Solana will decline in value on a Wednesday quiet regularly. The expected price change of the Solana on a Wednesday is between -2.16% and 2.88%.

Solana increased in value on an average Thursday only slightly. The average increase in value of the Solana was 0.24%. 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 (1.76%). This means that on 68 percent of the Thursdays, the change in price of the Solana is expected to be in the range of -1.52% and 2.00%.

Historical performance on Friday 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 Friday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Solana on a Friday is between -3.26% and 4.52% (see also the table below).

On an average Saturday, the Solana increased 0.39%. However, since the expected deviation is 2.20%, the Solana will decline in value on a Saturday quiet regularly. The expected price change of the Solana on a Saturday is between -1.82% and 2.59%.

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 0.20% 3.36% -3.16% to 3.56%
Monday 0.83% 2.56% -1.74% to 3.39%
Tuesday -0.08% 1.09% -1.16% to 1.01%
Wednesday 0.36% 2.52% -2.16% to 2.88%
Thursday 0.24% 1.76% -1.52% to 2.00%
Friday 0.63% 3.89% -3.26% to 4.52%
Saturday 0.39% 2.20% -1.82% to 2.59%
 

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