SOL Token Faces 4.24% Dip Amid BinanceTurns8 Surge and Robinhood Staking Revival

Solana (SOLUSDT) experienced notable volatility in the last 24 hours, with the price on Binance declining by 4.24% from an opening of 165.70 USDT to 158.68 USDT. This price movement follows increased trading activity and heightened market attention, partly driven by Solana’s inclusion in Binance's 'BinanceTurns8' promotion and the reinstatement of SOL staking for U.S. users on Robinhood, which has contributed to positive sentiment and higher trading volumes. However, despite bullish technical patterns and optimistic analyst forecasts, the inability to break above the key resistance zone near 170 USDT has led to short-term selling pressure and price retracement. Solana remains ranked 6th by market capitalization, with a circulating supply of approximately 536.16 million SOL and a 24-hour trading volume reaching up to $12.64 billion, reflecting sustained trader interest amid ongoing market fluctuations.