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<a href="https://bitcoinworld.co.in/solana-sol-enters-price-correction-mode-as-the-year-draws-to-a-close/" title="Solana (SOL) Enters Price Correction Mode As The Year Draws To A Close" rel="nofollow"></a>
Solana faces price correction, down to $105.95, after a 956% yearly rally. The market sees this as a natural adjustment before New Year. 
After a brilliant rally this December Solana (SOL) is experiencing a significant price correction, Currently <a href="https://coinstats.app/coins/solana/">trading</a> at $102.59, down 5.53% in the last 24 hours. The altcoins trading volume also dropped by over 22% to $4.36 billion. 
<figure id="attachment_60699" aria-describedby="caption-attachment-60699" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-60699" src="https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-3-483x300.png" alt="" width="575" height="357" srcset="https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-3-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-3.png 760w" sizes="(max-width: 575px) 100vw, 575px">
 <figcaption id="caption-attachment-60699" class="wp-caption-text">
 SOL Price Chart | Source: Coinstats
 </figcaption>
</figure> 
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Starting the year at $8.14, Solana saw a massive 956% increase over the year, outperforming Bitcoin’s 159% growth.&nbsp; 
Despite the recent price drop, Investors see the decline as a normal reaction to its rapid growth ( a correction), with traders possibly taking profits ahead of the New Year. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/new-solana-memecoin-silly-dragon-silly-reaches-300-weekly-rise/" aria-label="“New Solana Memecoin, Silly Dragon (SILLY), Reaches 300% Weekly Rise” (Edit)">New Solana Memecoin, Silly Dragon (SILLY), Reaches 300% Weekly Rise</a> 
The Solana ecosystem, known for outperforming Ethereum in NFTs and DEX trading volume, is also experiencing a slowdown.&nbsp; 
This includes Solana-based meme coins cooling off from their rapid price increases. Yet, people believe that Solana will bounce back, given its history of recovering from price falls. 
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The post <a href="https://bitcoinworld.co.in/solana-sol-enters-price-correction-mode-as-the-year-draws-to-a-close/">Solana (SOL) Enters Price Correction Mode As The Year Draws To A Close</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Solana (SOL) Enters Price Correction Mode As The Year Draws To A Close

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