SOL Faces 5.46% Drop Amid $345M Crypto Liquidations, Ecosystem Growth Signals Resilience

Solana (SOL) is currently trading at $155.01 with a 24-hour opening price of $163.97, reflecting a 5.46% price decline over the past day amid a trading volume of 6.10 million SOL and a market capitalization of approximately $81.17 billion, maintaining its position as the 5th largest cryptocurrency. The recent price decrease is primarily attributed to broader market volatility, including over $345 million in liquidations across the crypto sector, which affected Solana alongside other assets; despite this, ecosystem developments such as the minting of 250 million USDC on Solana and rising institutional interest continue to support its long-term outlook, even as near-term caution persists due to resistance at key technical levels.