Solana Price Holds Steady Amid Market Decline
Solana's price held steady near $73.39 on Monday, but its market capitalization and trading volume tell a different story.
The cryptocurrency traded between $72.27 and $74.51, with a 0.49% decline over the past 24 hours. Its market capitalization sits at $43.167 billion against a circulating supply of 582,979,450 tokens, ranking seventh by size.
The week opened with a nearly 1% drop in total crypto market value to $2.16 trillion, dragged down by Bitcoin's decline from $63,497.25 to $62,643 after the Coldcard hardware wallet exploit swept roughly 389 BTC from victim addresses.
Solana's price is below its 20-day EMA at $75.81, its 50-day EMA at $76.27, and its 100-day EMA at $79.72. The 14-day RSI stands at 43.05, indicating fading momentum rather than oversold conditions.