One of the most prominent cryptocurrencies that's once again on watch today is Solana (CRYPTO: SOL). As of 2 p.m. ET, Solana has appreciated 9.5% over the past 24 hours, and is now within spitting distance once again of a top 10 spot in the crypto rankings by market capitalization.

This move comes amid a strong move in the broader crypto market, as investors look to reprice digital currencies following an extremely volatile weekend.

Over the past week, Solana crashed from around $21 to as low as $16.12 on Friday, before recovering the vast majority of its losses over the past day. Currently trading around $20.50 per token, Solana has bounced approximately 27% off its monthly lows. This follows the collapse of three banks with ties to the crypto sector over the past week.

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Source Fool.com