Solana Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has seen a 4.84% decrease in price over the last 24 hours, continuing a negative trend with a 0.0% loss over the past week. The trading volume has dropped by 39.0%, while the circulating supply increased by 0.19%, bringing it to 440.84 million. Solana's market cap ranking is currently #5 at $47.41 billion.
February 20, 2024 | 3:00 pm
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Solana (SOL) experienced a 4.84% price decrease over the last 24 hours and a 0.0% loss over the past week, with a significant drop in trading volume and a slight increase in circulating supply.
The significant price decrease of 4.84% in the last 24 hours, coupled with a 0.0% loss over the past week, indicates a negative short-term trend for Solana. The drop in trading volume by 39% suggests reduced investor interest or selling pressure, which could further impact the price negatively. The slight increase in circulating supply may also contribute to downward pressure on the price. Given these factors, the short-term impact on Solana's price is likely negative.
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IMPORTANCE 90
RELEVANCE 100