Solana Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has decreased by 5.04% over the past 24 hours to $55.95, despite a 42.0% increase over the past week. The trading volume has surged by 153.0%, and the circulating supply has grown by 0.41%. Solana's current market cap is $23.36 billion, ranking it 7th.
November 13, 2023 | 3:00 pm
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NEGATIVE IMPACT
Solana (SOL) experienced a 5.04% price drop in the last 24 hours, but has seen a significant 42% increase over the past week. The trading volume has significantly increased, and the market cap remains strong at $23.36 billion.
The short-term impact on SOLUSD is likely negative due to the recent 5.04% price decrease. However, the increased trading volume and recent weekly gains suggest underlying interest and could mitigate the impact. The importance is high due to the significant price movement and volume change, and the confidence in this analysis is strong given the clear data provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100