According to Solana price analysis, the price of SOL/USD has been falling, and the cryptocurrency has been on a slight downward trend. SOL/USD fell from a high of $12.40 to a low of $11.30 over the previous week. But after a few days, the bulls began to show some signals, driving the price up to $11.48. SOL/USD is now trending downward, therefore traders should keep an eye out for a breach of the $11.20 support level.
Significant market volatility is evidenced by the fact that Solana’s 24-hour trading volume increased by 16.22% to $131,802,314 and its market capitalization fell by 0.75% to $131,802,314.
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