SOL Sees $1.67B Volume Amid Network Upgrade, Tests Key $147.81 Resistance After 38% Monthly Surge

Solana (SOL) has demonstrated moderate price fluctuations over the past 24 hours, with the asset trading between approximately $146.13 and $151.37 USDT and a 24-hour price change ranging from a 0.84% increase to a slight -0.35% decrease, depending on the source. Trading activity remains robust, with a reported 24-hour volume of around $1.67 billion USD and a market capitalization of approximately $75.82 billion USD.

The price movements observed in the last day are partly attributed to technical trading factors, as SOL tested key support at $142.50 and resistance at $147.81. The asset experienced a brief decline after encountering resistance, followed by consolidation as traders monitored these levels for potential breakout or breakdown opportunities. Additionally, a temporary suspension of SOL withdrawals on Binance due to an emergency network upgrade may have contributed to short-term volatility, though user funds remained secure and service was restored within two hours. Broader market context shows that, despite recent volatility, Solana has gained over 38% in the past month, indicating continued interest and momentum in the asset.