SOL Drops 6% to $155 Amid High Volume, Institutional Interest, and Ecosystem Growth

Solana (SOL) is currently trading at $155.15 on Binance, reflecting a 6.03% decline over the last 24 hours, with a 24-hour opening price of $165.10 and continued high trading volume above $4.2 billion. The recent price drop follows a period of strong gains and comes amid broader market volatility, despite positive technical indicators and institutional interest highlighted in recent news, such as analyst projections of potential breakouts and rising total value locked on the network. The decline may be attributed to profit-taking after recent rallies, consolidation below the key $183 resistance level, and short-term market corrections, even as Solana continues to see robust ecosystem growth and increased attention from both developers and major financial institutions.