Solana (SOL)

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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 November 20th, 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 11/20/2023 and 05/17/2024.

According to the performance of Solana between November 20th, 2023 and May 17th, 2024, Solana performed the best on Fridays. On average, the price of Solana increased 0.52% on Friday.

The weekday on which the Solana performed the worst, is Tuesday. On Tuesdays, the Solana declined in value on average by -0.58%.

Solana weekday performance

On an average Sunday, the Solana increased 0.35%. However, since the expected deviation is 1.41%, the Solana will decline in value on a Sunday quiet regularly. The expected price change of the Solana on a Sunday is between -1.06% and 1.77%.

Solana increased in value on an average Monday 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 (1.81%). This means that on 68 percent of the Mondays, the change in price of the Solana is expected to be in the range of -1.74% and 1.89%.

Allthough the Solana decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Solana on Tuesdays is 2.26%. This means that the expected change of the value of Solana is between -2.84% and 1.68% on 68 out of 100 Tuesdays.

Solana increased in value on an average Wednesday only slightly. The average increase in value of the Solana was 0.27%. 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 (2.66%). This means that on 68 percent of the Wednesdays, the change in price of the Solana is expected to be in the range of -2.39% and 2.93%.

On an average Thursday, the Solana increased 0.38%. However, since the expected deviation is 1.83%, the Solana will decline in value on a Thursday quiet regularly. The expected price change of the Solana on a Thursday is between -1.45% and 2.21%.

On an average Friday, the Solana increased 0.52%. However, since the expected deviation is 1.76%, the Solana will decline in value on a Friday quiet regularly. The expected price change of the Solana on a Friday is between -1.24% and 2.28%.

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 -0.20%. However, the standard deviation on this weekday is 1.26%. This means that on most Saturdays, the change in value of the Solana is between -1.46% and 1.06%.

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 0.35% 1.41% -1.06% to 1.77%
Monday 0.08% 1.81% -1.74% to 1.89%
Tuesday -0.58% 2.26% -2.84% to 1.68%
Wednesday 0.27% 2.66% -2.39% to 2.93%
Thursday 0.38% 1.83% -1.45% to 2.21%
Friday 0.52% 1.76% -1.24% to 2.28%
Saturday -0.20% 1.26% -1.46% to 1.06%
 

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