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Why Is The Solana Price Dropping Today?

CoinGape LogoCoinGape6d ago

Why Is The Solana Price Dropping Today? - CoinGape

Quick Summary:

This price decline has occurred due to various factors, including a drop in Solana’s network activity, which presents a bearish outlook for the crypto.

The Solana price is down almost 5% today, having lost the crucial $190 support level.

The Solana price has also dropped due to a decrease in decentralized exchange (DEX) activity on the network.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 16:21:33 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26228724

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 9 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Why Is The Solana Price Dropping Today?" has 483 words across 37 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Why Is The Solana Price Dropping Today?" was covered 6 days ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 9 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26228724
  • URL: https://beamstart.com/news/why-is-the-solana-price-17398096821431

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