SOL Token Slides 3% Amid High Volume, Institutional Interest, and Key Resistance at $186.80

Solana (SOLUSDT) experienced a 3.01% price decrease over the past 24 hours, with the current price at $177.34 according to Binance data. The decline follows a period of elevated trading volume, reported between $7.15 billion and $7.21 billion, and reflects short-term volatility amid broader market movements. Recent news highlights increased institutional buying and rising DeFi and NFT sector activity on Solana, which contributed to bullish sentiment earlier in the week. However, the price pullback is likely attributed to profit-taking after recent gains and resistance near the $186.80 level, as well as cautious market positioning ahead of anticipated altcoin sector developments. Solana’s market capitalization remains strong at approximately $96.35 billion, with 539.54 million SOL in circulation, and traders are closely monitoring support and resistance zones for further direction.