SOL Token Holds Strong at $153 Amid ETF Buzz, High Volume, and Bullish Technical Signals

Solana (SOL) is currently trading at $153.08 on Binance, reflecting a 2.24% decrease over the past 24 hours from an open of $156.58. The recent price decline follows a period of heightened volatility, with SOL rebounding from lows below $144 earlier in the week and briefly reaching near $157. This volatility is attributed to a mix of technical recovery, strong buyer interest in the $152–$155 range, and market reactions to significant news, including Fidelity’s filing for the first U.S. spot Solana ETF with staking and continued robust network growth. Despite the short-term pullback, technical indicators such as a bullish MACD crossover and a high RSI suggest sustained buying interest, while trading volume remains elevated at $4.6B, and Solana maintains its position as the 6th largest cryptocurrency by market capitalization at $80.93B. Overall, the market is showing resilience and optimism, supported by institutional activity, ecosystem expansion, and positive sentiment around potential ETF approval.