$SOL SOL

Bearish Price Trend: SOL is trading at $119.6, down 2.93% daily, with negative technical indicators as the MACD indicator turns negative.

Institutional Adoption: Visa is enabling settlement in USDC on Solana for U.S. banks, signaling strong long-term fundamental growth.

Network Concerns: Recent reports show a 32% price drop since November, attributing the weakness to reduced on-chain activity and increasing competition from L2s.

Yield Opportunities: Binance Earn offers SOL staking with an APR of up to 5.6%, providing incentives for long-term holders.

Bearish Technical Trend for SOL

SOL is trading at $119.6, below major EMAs.

The bearish momentum is confirmed by a negative MACD, with a key support level near $118.

Contradictory Fundamental Signals

Positive news includes Visa's adoption for settlement in USDC.

However, reports indicate that reduced network usage and competition from Layer 2s are causing price weakness. ​

Earn Yield with SOL

Stake SOL on Binance Simple Earn for an APR of up to 5.6%.

Advanced offers for BNSOL (tokenized staked SOL) provide additional yield opportunities. ​

Strategic Levels to Watch

Immediate support is at $118. A breakout above the resistance at $123 could signal a recovery.