SOL Token Slides 3.35% to $140.62 Amid Bearish Sentiment and Key Resistance Rejection

Solana (SOL) is trading at $140.62 on Binance, down 3.35% over the past 24 hours from a 24h open of $145.50. The price decline is primarily attributed to ongoing bearish sentiment and consolidation below key resistance levels, as well as cautious market reaction to recent developments such as Jupiter DEX pausing DAO votes until the end of 2025 and the release of Solana's latest network health report. Despite technical analysis indicating potential for a rebound, SOL remains under pressure, with sellers dominating after a rejection from the $150–$158 resistance zone and the price stabilizing near major support between $144.50 and $140.80. Trading volume and market activity reflect heightened volatility, but the immediate outlook is neutral to bearish as traders await a decisive move.