Solana Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has experienced a 6.5% decrease in price over the past 24 hours, continuing a weekly downward trend of -7.0%. The trading volume for Solana has increased by 92.0% over the past week, despite a 0.23% decrease in circulating supply. Solana's market cap ranking is currently #5 at $78.93 billion.
April 05, 2024 | 3:00 pm
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Solana (SOL) has seen a 6.5% price decrease in the last 24 hours and a 7.0% decrease over the past week, with a significant increase in trading volume and a slight decrease in circulating supply.
The significant price decrease of Solana (SOL) over the past 24 hours and week, combined with increased trading volume, suggests a heightened market activity possibly due to sell-offs. The slight decrease in circulating supply might not be enough to counteract the downward price pressure in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100