Solana Price Faces Bearish Trend Amid Market Fluctuations
- Solana (SOL) price is trading below $200, with a current value of approximately $198.
- The SOL price has declined by 7.88% daily, 13.3% weekly, and 9.7% monthly.
- Solana’s market cap stands at $97.54 billion, ranking it fifth on CoinMarketCap.
- Daily trading volume for Solana has decreased by 31.5%, now at $5.17 billion.
- In Q4 2024, Solana’s DeFi TVL reached $8.6 billion, marking a 64% QoQ increase.
Despite the bearish trend in the crypto market, Solana demonstrated significant growth in key metrics during Q4 2024 and January 2025, though its price remains volatile below the $200 mark.
Source (2.6)https://coingape.com/explainer-what-happening-with-solana-price/?rand=24432
