Solana Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana's price has decreased by 4.01% in the last 24 hours to $130.27, despite a 4% gain over the past week. Trading volume has decreased by 2% while circulating supply increased by 0.12%, with a market cap ranking of #5 at $61.06 billion.
September 16, 2024 | 3:02 pm
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NEGATIVE IMPACT
Solana's price has dropped by 4.01% in the last 24 hours, contrasting with its 4% gain over the past week. The trading volume has decreased by 2%, while the circulating supply has increased slightly by 0.12%.
The 4.01% drop in Solana's price over the last 24 hours indicates a negative short-term trend, despite a positive weekly performance. The decrease in trading volume and slight increase in circulating supply suggest potential selling pressure or reduced demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100