SOL Token Slides 3% to $146 as SEC Delays ETF Review, Market Eyes Key $145 Support

Solana (SOL) is trading at $146.06 on Binance, down 3.10% over the past 24 hours from a 24h open of $150.73. The recent price decline is primarily attributed to the SEC’s decision to delay its review of multiple spot Solana ETF proposals, which has tempered short-term bullish sentiment despite ongoing institutional interest and ETF speculation. Additional market pressure stems from a broader consolidation phase after SOL failed to hold above key resistance levels, with technical indicators pointing to increased selling activity near the $150 mark. Trading volume remains robust at $3.76 billion, and Solana holds the #6 rank by market capitalization at approximately $78.14 billion, with analysts closely monitoring the $145–$150 support zone amid heightened volatility and anticipation of regulatory developments.