Solana's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has increased by 3.99% in the last 24 hours, reaching $98.29, despite a weekly downtrend of 11%. The coin's all-time high is $259.96. Trading volume is up 61% over the week, while circulating supply decreased by 0.46%. Solana's market cap ranks it 5th at $42.62 billion.
January 08, 2024 | 7:02 pm
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Solana's price has seen a short-term increase of 3.99% to $98.29, contrasting with a weekly decline. The trading volume has significantly increased, and the circulating supply has slightly decreased.
The short-term price increase and surge in trading volume indicate a positive market reaction that could lead to further short-term gains. However, the recent weekly loss suggests caution. The decrease in circulating supply could also contribute to upward price pressure.
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