SOL Slides 5% to $154 Amid High Volume as Institutional Interest and ETF Speculation Persist

Solana (SOL) is currently trading at $154.47 on Binance, reflecting a 5.13% decline over the past 24 hours with a 24-hour opening price of $162.82 and high trading volumes exceeding $4 billion, positioning it as the #6 cryptocurrency by market capitalization. The recent price drop is attributed to short-term volatility following a period of strong weekly gains, with analysts noting that Solana is consolidating near key technical support levels ($171–$179) and facing resistance at $183; while institutional interest and ecosystem growth remain strong, the inability to break above resistance and broader market sentiment have contributed to the current pullback. Increased institutional activity, such as Upexi’s accumulation and speculation around a potential Solana ETF, continues to support long-term optimism despite near-term price pressure.