Solana Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has experienced a 4.3% decrease in price over the past 24 hours, continuing a weekly downtrend of -2.0%. The trading volume has decreased by 4.0%, and the circulating supply has slightly reduced by 0.17%. Currently, Solana's market cap ranks it as the 5th largest, valued at $84.19 billion.
April 01, 2024 | 7:01 pm
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NEGATIVE IMPACT
Solana's price has decreased by 4.3% in the last 24 hours, with a weekly decrease of 2%. The trading volume and circulating supply have also seen reductions.
The decrease in Solana's price over both the last 24 hours and the past week, combined with a reduction in trading volume and circulating supply, suggests a negative short-term impact on its valuation. The market cap ranking indicates significant investor interest, but the current trends could lead to bearish sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100