Solana’s SOL/USD price has experienced a significant decline recently, reflecting broader market trends. Currently trading at $155.56, this represents a notable drop of 7.75% in the past 24 hours.

This decrease is part of a larger downward trend observed over the last week, with an overall drop of 14.0% from a previous price of $184.32. The price volatility is evident, as indicated by the Bollinger Bands, which show increased market fluctuations. Additionally, Solana’s trading volume has increased by 11.0% over the week.

There has also been a slight rise in circulating supply, now at 491.09 million coins, reflecting a growth of 0.86%. Currently, Solana holds the #6 position in market capitalization, valued at approximately $76.54 billion.

📎 Related coverage from: benzinga.com