Solana (SOL) is trading near $116.84, pressured by overall crypto market weakness despite high trading volume.
Technical indicators show SOL remains in a downtrend, with support around $112–$115 and resistance near $123–$130.
Solana (SOL) is trading near $116.84, down about 4.7% in the last 24 hours, as selling pressure continues across the global crypto market. The decline comes despite strong trading activity, with 24-hour volume rising 100% to $7.86 billion, showing that participation remains high even as prices move lower. In the current trading session, SOL recorded a low of $112.97 and a high of $122.93, but failed to hold gains near the upper range.
SOL Chart Shows Continued Downside Pressure
On the daily timeframe, SOL remains in a clear downtrend that began after failing to sustain above $140 levels earlier this year. The price is below both the 9-day MA ($123.75) and 21-day MA ($132.30), signaling that sellers are controlling short-term price action. The R
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