Solana trading volume is down 11% in the past 24H
Downturn interrupts streak; potential retest of $200 resistance.
Solana (SOL), one of the leading cryptocurrencies, has encountered a modest downturn in the past 24 hours, signaling a slight deviation from its recent upward trajectory. As of the latest data, SOL is down by 3% within this timeframe, accompanied by an 11% decrease in trading volume.
Last seven days, SOL has surged by a noteworthy 6.67%, reflecting its capacity to weather market fluctuations and sustain an upward momentum. The month-long performance paints a contrasting picture, with Solana witnessing a downturn of 19%, indicative of the volatility inherent in the cryptocurrency landscape.
The recent dip in SOL’s price trajectory, observed on the 7th of May, marked a temporary halt to its consecutive uptrends, characterized by a decline exceeding 3%. This resulted in SOL’s price hovering around $148, albeit slightly below its previous resistance level, w
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