Solana Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has decreased by 6.44% in the last 24 hours, reaching $87.34, continuing a negative trend from the past week with a 5.0% loss. Trading volume has dropped by 35.0%, and the circulating supply slightly decreased by 0.06%, with a current market cap ranking of #5 at $37.73 billion.
January 22, 2024 | 3:00 pm
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Solana (SOL) has experienced a significant price drop of 6.44% in the past 24 hours and a 5.0% decrease over the past week, with a decrease in trading volume and circulating supply.
The price of Solana has seen a notable decline, which is typically a bearish signal for traders and may lead to short-term downward pressure on the asset. The decrease in trading volume suggests less market activity, which could either indicate a lack of buyer interest or consolidation. The slight decrease in circulating supply is generally a neutral factor but does not seem to have a positive impact in this context.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100