Cryptocurrency Solana’s Price Increased More Than 25% Within 24 hours

Solana’s SOL/USD price has increased 25.53% over the past 24 hours to $54.44, which is in the opposite direction of its trend over the past week, where it has experienced a 34.0% loss, moving from $80.82 to its current price. As it stands right now, the coin’s all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Solana’s trading volume has climbed 35.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.45%. This brings the circulating supply to 336.93 million. According to our data, the current market cap ranking for SOL is #8 at $18.02 billion.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.