The daily candle
Solana closed the October 8 daily candle at $109.55, down 5.75% on the day, after trading between $105.61 and $116.76. What stands out on the daily chart: sharp move.
Moving averages
The close of $109.55 is 7.1% below the 20-day average ($117.89).
The close of $109.55 is 1.7% above the 50-day average ($107.75).
Momentum: RSI and MACD
The 14-day RSI reads 43.3, between 30 and 70, neither extreme. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is 3.063 against a signal line of 4.531, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.49 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $110.73 to $125.05, and the close is below the lower band.
Over the previous 30 days the highest close was $122.08 and the lowest $96.81.
What it costs to hold a position
Anyone holding a SOL perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the SOL funding page.