Solana Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has decreased by 3.32% over the past 24 hours to $154.34, continuing its downward trend over the past week. The trading volume has decreased by 12.0% over the past week, while the circulating supply has increased by 0.52%. Solana's market cap is currently ranked #5 at $72.00 billion.
August 09, 2024 | 3:02 pm
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NEGATIVE IMPACT
Solana's price has decreased by 3.32% over the past 24 hours to $154.34, continuing its downward trend over the past week. Trading volume has decreased by 12.0% over the past week, while the circulating supply has increased by 0.52%.
The decrease in Solana's price and trading volume, coupled with an increase in circulating supply, indicates a bearish trend. This is likely to negatively impact the short-term price of SOLUSD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100