Solana Rises More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has increased by 9.69% in the last 24 hours, reaching $105.22, and has seen a 29.0% gain over the past week. The coin's all-time high is $259.96. Trading volume has risen by 8.0% over the past week, and the circulating supply has increased by 1.42% to over 435.50 million. Solana's current market cap is $45.86 billion, ranking it #5.
January 30, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Solana (SOL) has experienced a significant price increase of 9.69% in the past 24 hours and a 29.0% increase over the past week, with a current price of $105.22.
The sharp increase in Solana's price over the past 24 hours and week indicates strong market momentum, which could attract more investors and potentially drive the price up in the short term. The rise in trading volume suggests increased interest and liquidity, which can further support the price increase. However, the volatility indicated by the Bollinger Bands suggests that traders should be cautious as the price could also swing widely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100