Solana price drops 9% as trading volume spikes 76%

Solana’s price has plunged 9% in the last 24 hours as pressure supports.

Solana (GROUND) was among the worst interpreters of the last 24 hours, down approximately 9%, according to Crypto.News. Having opened at $ 177.92, it fell below $ 170, according to Coindecko’s historical data. The last time Sol was negotiated at this level, it was at the end of October 2024, when it closed $ 170.56 after opening at $ 164.34.

At the time of writing the editorial staff, Intraday High de Solana amounted to $ 186 while the intra -day hollow is $ 164, with a price swing of more than $ 22. If the price closes below the level of support of $ 165, it could drop more to $ 150 in the short term.

Meanwhile, the volume of soil trading has increased by 76% in the last 24 hours, reflecting increased sales pressure and an increase in volatility. The increase in commercial activity suggests that investors take profits or reduce losses in fears of an additional price drop. That said, some investors can be Buy the diptaking advantage of the rare opportunity.

The difficulties of soil prices come from the recent scams of high -level rugs on the Solana network because the solana -based portfolios have been linked to fraudulent projectsespecially Balance (BALANCE) and Melania (Melania). In addition, Lookonchain data Indicates that $ 772 million in stablescoins left Solana’s ecosystem in last week, suggesting a drop in investor confidence in the network.