SOL Token Holds Strong Amid 3% Dip as ETF Filings and DeFi Growth Fuel Cautious Optimism

Solana (SOL) experienced a 3.03% price decline over the past 24 hours, with the current price at $142.89 (Binance data), down from a 24h open of $147.35. This decrease is primarily attributed to broader crypto market weakness and ongoing geopolitical tensions, despite positive developments such as multiple spot Solana ETF filings, continued institutional interest, and robust ecosystem growth in DeFi and NFTs. Trading volume remains strong at approximately $2.6–$3.16 billion, and SOL maintains a market capitalization of around $75.7 billion, ranking 6th by market cap. Key technical levels show support at $141.56 and resistance at $168, with market sentiment cautiously bullish due to anticipated US ETF approvals and ongoing on-chain activity.