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Solana's current market analysis shows a mixed bag. The cryptocurrency's price has seen a decline of 6.45% in the last 24 hours, sitting at $110.85 USD. However, its market capitalization has increased by 6.45% to $57.15 billion, ranking it seventh among cryptocurrencies.¹
*Key Statistics:*
- *Current Price*: $110.85 USD
- *Market Capitalization*: $57.15 billion
- *Circulating Supply*: 515.61 million SOL tokens
- *24-hour Trading Volume*: $4.75 billion
*Technical Indicators:*
- *Relative Strength Index (RSI)*: Neutral
- *Moving Averages*: Sell signal
*Market Sentiment:*
- *Fear & Greed Index*: Fear
- *Social Media Sentiment*: Mixed
*Price Predictions:*
- *Short-term Prediction*: Solana's price may rise by 10% in the next 24 hours
- *Long-term Forecast*: Solana could reach a high of $294.33 by the end of 2025
*Risks and Considerations:*
- *Market Volatility*: Solana's price is highly volatile
- *Speculative Nature*: The market is highly speculative, with prices influenced by sentiment and hype
- *Lack of Fundamental Analysis*: Limited fundamental analysis is available, making it challenging to assess the project's long-term prospects.² ³#Crypto Market Rebounds #Trump Pauses Tariff Policies #Upcoming CPI & PPI Data Releases