Solana Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana (CRYPTO: SOL) has seen a 5.38% decrease in price over the last 24 hours, continuing a negative trend with a 4.0% loss over the past week. The trading volume has decreased by 45.0%, while the circulating supply increased by 0.75%, leading to a current market cap ranking of #5 at $75.97 billion.
April 09, 2024 | 3:02 pm
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NEGATIVE IMPACT
Solana's price has decreased by 5.38% in the last 24 hours, with a 4.0% loss over the past week. The trading volume has significantly decreased, and the circulating supply has slightly increased.
The significant drop in Solana's price over both the last 24 hours and the past week, combined with a substantial decrease in trading volume, suggests a negative short-term impact on its price. The slight increase in circulating supply may also contribute to the downward pressure on the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100