Solana Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (SOL) has experienced a 3.86% price drop in the past 24 hours, continuing a week-long decline of 10%. Trading volume has decreased by 56% over the past week, while circulating supply increased by 1.17%. SOL's market cap is currently ranked #5 at $64.49 billion.
August 15, 2024 | 7:01 pm
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NEGATIVE IMPACT
Solana (SOL) has seen a 3.86% price drop in the past 24 hours and a 10% decline over the past week. Trading volume has decreased by 56% while circulating supply increased by 1.17%.
The significant price drop and decreased trading volume indicate a bearish trend for Solana in the short term. The increase in circulating supply adds further downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100