Solana (SOL)

Current price: $ 189.50

24 hours price change: $ -17.40 (-8.41%)

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 April 27th, 2021 to October 27th, 2021.

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 04/27/2021 and 10/27/2021.

According to the performance of Solana between April 27th, 2021 and October 27th, 2021, Solana performed the best on Wednesdays. On average, the price of Solana increased 2.70% on Wednesday.

The weekday on which the Solana performed the worst, is Friday. On Fridays, the Solana rose in value on average by 0.10%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Solana weekday performance

Solana increased in value on an average Sunday only slightly. The average increase in value of the Solana was 0.28%. 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 (6.92%). This means that on 68 percent of the Sundays, the change in price of the Solana is expected to be in the range of -6.64% and 7.20%.

On an average Monday the Solana shows an increase in value of 1.08%. However, the change of Solana on most of the Mondays is between -8.47% and 10.63%. Therefore it is hard to tell whether an average Monday is a good day to start buying Solanas.

On an average Tuesday, the Solana increased 0.46%. However, since the expected deviation is 5.23%, the Solana will decline in value on a Tuesday quiet regularly. The expected price change of the Solana on a Tuesday is between -4.77% and 5.69%.

On an average Wednesday the Solana shows an increase in value of 2.70%. However, the change of Solana on most of the Wednesdays is between -6.80% and 12.20%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Solanas.

On an average Thursday the Solana shows an increase in value of 1.44%. However, the change of Solana on most of the Thursdays is between -6.65% and 9.53%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Solanas.

Solana increased in value on an average Friday only slightly. The average increase in value of the Solana was 0.10%. 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 (7.40%). This means that on 68 percent of the Fridays, the change in price of the Solana is expected to be in the range of -7.31% and 7.50%.

On an average Saturday, the Solana increased 0.52%. However, since the expected deviation is 6.65%, the Solana will decline in value on a Saturday quiet regularly. The expected price change of the Solana on a Saturday is between -6.14% and 7.17%.

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 0.28% 6.92% -6.64% to 7.20%
Monday 1.08% 9.55% -8.47% to 10.63%
Tuesday 0.46% 5.23% -4.77% to 5.69%
Wednesday 2.70% 9.50% -6.80% to 12.20%
Thursday 1.44% 8.09% -6.65% to 9.53%
Friday 0.10% 7.40% -7.31% to 7.50%
Saturday 0.52% 6.65% -6.14% to 7.17%
 

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