SOL Faces $180 Resistance Amid 24.7% Volume Surge and 2 Million Tokens Staked

Solana (SOL) is currently trading at $172.58 on Binance, reflecting a 24-hour decline of 3.09% from an open of $178.09, with trading volume rising sharply by 24.70% to $3.53 billion and the market cap standing at $90.75 billion. The recent price decrease is attributed to heightened volatility despite strong bullish sentiment, as evidenced by large transfers of 2,000,000 SOL from Binance cold wallets to new stake accounts and over 68% of top traders holding long positions on SOLUSDT; while positive institutional coverage from Standard Chartered and optimism around Solana’s roadmap have supported market interest, resistance at $180 remains a key technical barrier, contributing to the current sideways-to-downward price action.