Solana Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has fallen 3.84% to $21.35 in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume for the coin has fallen 25.0% over the past week, while the overall circulating supply of the coin has increased 0.84% to 416.00 million. The current market cap ranking for SOL is #8 at $8.86 billion.
October 12, 2023 | 3:00 pm
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NEGATIVE IMPACT
Solana's price has fallen 3.84% in the past 24 hours and 8.0% over the past week. The trading volume has decreased by 25.0% while the circulating supply has increased by 0.84%.
The decrease in Solana's price and trading volume, along with the increase in circulating supply, indicates a bearish trend for the cryptocurrency. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100