Solana (SOL)

Current price: $ 37.26

24 hours price change: $ -3.31 (-8.16%)

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 July 19th, 2022 to August 19th, 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 07/19/2022 and 08/19/2022.

According to the performance of Solana between July 19th, 2022 and August 19th, 2022, Solana performed the best on Wednesdays. On average, the price of Solana increased 0.39% on Wednesday.

The weekday on which the Solana performed the worst, is Monday. On Mondays, the Solana declined in value on average by -0.91%.

Solana weekday performance

It is hard to tell whether the Solana will increase or decrease in value on an average Sunday. The average change on a Sunday for the Solana is -0.10%. However, the standard deviation on this weekday is 0.10%. This means that on most Sundays, the change in value of the Solana is between -0.20% and 0.00%.

On Mondays, the Solana decreases in value on average with -0.91%. On most of the Mondays the Solana decreases in value between -2.58% and 0.76%. The uncertainty (1.67%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Solana on Mondays is large.

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 -0.07%. However, the standard deviation on this weekday is 0.13%. This means that on most Tuesdays, the change in value of the Solana is between -0.20% and 0.06%.

On an average Wednesday, the Solana increased 0.39%. However, since the expected deviation is 0.63%, the Solana will decline in value on a Wednesday quiet regularly. The expected price change of the Solana on a Wednesday is between -0.24% and 1.03%.

Solana increased in value on an average Thursday 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 (0.47%). This means that on 68 percent of the Thursdays, the change in price of the Solana is expected to be in the range of -0.20% and 0.75%.

Solana increased in value on an average Friday only slightly. The average increase in value of the Solana was 0.01%. 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 (0.09%). This means that on 68 percent of the Fridays, the change in price of the Solana is expected to be in the range of -0.08% and 0.09%.

Solana increased in value on an average Saturday only slightly. The average increase in value of the Solana was 0.06%. 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 (0.15%). This means that on 68 percent of the Saturdays, the change in price of the Solana is expected to be in the range of -0.09% and 0.22%.

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 -0.10% 0.10% -0.20% to 0.00%
Monday -0.91% 1.67% -2.58% to 0.76%
Tuesday -0.07% 0.13% -0.20% to 0.06%
Wednesday 0.39% 0.63% -0.24% to 1.03%
Thursday 0.28% 0.47% -0.20% to 0.75%
Friday 0.01% 0.09% -0.08% to 0.09%
Saturday 0.06% 0.15% -0.09% to 0.22%
 

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