SOL Shows Resilience After 3% Dip, Bullish Sentiment Persists Amid $3.2B Trading Surge

Solana (SOL) is currently trading at $171.89 with a 24-hour trading volume of approximately $3.2 billion and a market capitalization near $90.9 billion; the price has declined by 3.29% over the past 24 hours after opening at $177.74. The recent price decrease follows a period of strong momentum driven by increased developer activity, a surge in daily active addresses, and heightened trading volumes, but appears to be a short-term correction after a sharp 7% rally earlier in the week and a false breakout at the $170.36 support level. Despite the pullback, derivatives data shows continued bullish sentiment with a long/short ratio above 2:1, and ongoing ecosystem developments, such as advances in tokenized shares, continue to support underlying interest in SOL.