Solana (SOL)

Current price: $ 37.34

24 hours price change: $ -3.23 (-7.96%)

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 February 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 02/19/2022 and 08/19/2022.

According to the performance of Solana between February 19th, 2022 and August 19th, 2022, Solana performed the best on Wednesdays. On average, the price of Solana increased 0.47% on Wednesday.

The weekday on which the Solana performed the worst, is Friday. On Fridays, the Solana declined in value on average by -0.73%.

Solana weekday performance

Allthough the Solana decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Solana on Sundays is 0.76%. This means that the expected change of the value of Solana is between -1.09% and 0.43% on 68 out of 100 Sundays.

It is hard to tell whether the Solana will increase or decrease in value on an average Monday. The average change on a Monday for the Solana is -0.13%. However, the standard deviation on this weekday is 1.35%. This means that on most Mondays, the change in value of the Solana is between -1.47% and 1.22%.

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 -0.15%. However, the standard deviation on this weekday is 2.19%. This means that on most Tuesdays, the change in value of the Solana is between -2.34% and 2.05%.

On an average Wednesday, the Solana increased 0.47%. However, since the expected deviation is 1.94%, the Solana will decline in value on a Wednesday quiet regularly. The expected price change of the Solana on a Wednesday is between -1.48% and 2.41%.

It is hard to tell whether the Solana will increase or decrease in value on an average Thursday. The average change on a Thursday for the Solana is -0.19%. However, the standard deviation on this weekday is 1.20%. This means that on most Thursdays, the change in value of the Solana is between -1.39% and 1.02%.

On Fridays, the Solana decreases in value on average with -0.73%. On most of the Fridays the Solana decreases in value between -2.46% and 1.01%. The uncertainty (1.74%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Solana on Fridays is large.

Allthough the Solana decreases in value with -0.32% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Solana on Saturdays is 2.03%. This means that the expected change of the value of Solana is between -2.34% and 1.71% on 68 out of 100 Saturdays.

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 -0.33% 0.76% -1.09% to 0.43%
Monday -0.13% 1.35% -1.47% to 1.22%
Tuesday -0.15% 2.19% -2.34% to 2.05%
Wednesday 0.47% 1.94% -1.48% to 2.41%
Thursday -0.19% 1.20% -1.39% to 1.02%
Friday -0.73% 1.74% -2.46% to 1.01%
Saturday -0.32% 2.03% -2.34% to 1.71%
 

About Us

: Financial indicators for cryptocurrencies