SOL Token Dips 2.69% Amid Profit-Taking, High Volume, and Key Resistance at $146.75

Solana (SOL) experienced a 2.69% price decline over the past 24 hours, with the current price at $142.85 (per Binance), down from a 24h open of $146.80. This pullback is attributed to profit-taking following recent bullish momentum, as well as consolidation below key resistance levels near $146.75 and $151 identified by technical analysis. Despite positive developments such as increased institutional engagement (record CME Futures volume, Aurora Mobile allocating treasury to Solana, and new staking options), the market is exhibiting range-bound behavior as traders await a decisive breakout. Trading volume remains elevated (recently around $4.75 billion), and Solana maintains a strong market position with a circulating supply of approximately 534.3 million SOL and a market cap near $77.8 billion. The overall outlook is neutral-to-bullish, but near-term upside is capped by technical resistance and moderate trend strength.