SOL Token Dips 2.1% After ETF-Driven Surge; Strong Trading Volumes Signal Resilient Market

Solana (SOL) experienced a 2.10% decline over the past 24 hours, with the price dropping from a 24h open of $156.53 to $153.25 on Binance. This short-term dip followed a recent rebound from weekly lows below $144, which was driven by increased trading volume, technical momentum, and positive sentiment from major ETF filings by firms such as Fidelity, Franklin Templeton, and VanEck. The ETF news, along with strong cross-chain bridge inflows ($81.46 million) and ecosystem growth (Bybit’s DEX launch on Solana), contributed to Solana’s earlier upward movement, but profit-taking and broader market volatility have led to the latest pullback. Current market data shows active trading volumes between $4.61B and $9.17B, a circulating supply of approximately 527.75 million SOL, and technical indicators (RSI at 64.26, bullish MACD, and positive CMF) reflecting resilient sentiment despite the recent dip.