Solana Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has decreased 4.33% over the past 24 hours to $15.02, continuing its downward trend over the past week of -25.0%. Trading volume has tumbled 23.0% while the circulating supply has risen 0.9%, bringing the market cap to $5.99 billion.
June 12, 2023 | 7:00 pm
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Solana's price has decreased 4.33% in 24 hours and 25% in the past week, with trading volume down 23% and circulating supply up 0.9%. Market cap stands at $5.99 billion.
The decrease in Solana's price and trading volume, along with the increase in circulating supply, indicates a bearish sentiment in the short term. The downward trend over the past week and the significant drop in trading volume suggest that investors are losing interest in the asset, which could lead to further price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100