SOL Token Sees 3.7% Dip Amid Firedancer Rally Fade, Visa Integration Boosts Trading Volumes

Solana (SOLUSDT) has experienced notable price fluctuations in the past 24 hours, with the current price on Binance at 123.22 USDT, marking a 3.70% decrease from the 24h open of 127.95 USDT. The recent decline can be attributed to easing bullish sentiment following the Firedancer launch-driven rally, rotation out of high-beta altcoins amid broader market "Extreme Fear," and a failure to sustain gains above the key resistance range of 134–135 USDT. Positive developments such as Visa's integration of USDC settlements on Solana, increased ETF inflows, and ongoing strong community and developer activity have supported overall trading volume and investor interest, with Binance reporting high liquidity and substantial trading activity. Despite short-term downward pressure, Solana's market capitalization remains robust and trading volumes have surged, reflecting continued engagement from both institutional and retail participants.