SOL Token Slides 2.48% Amid Volatile Support Levels and $314M Binance Trading Surge

Solana (SOLUSDT) experienced a 2.48% price decrease over the past 24 hours, currently trading at $121.51 on Binance. The decline is attributed to persistent volatility around key support levels, mixed technical signals, and continued bearish structural trends reported in recent news. Although bullish patterns such as a rebound from support and increased ETF inflows were observed earlier in December, selling pressure and overbought conditions have contributed to the short-term downtrend. SOL maintains high trading activity, with a 24-hour Binance volume of 2.54 million SOL (equivalent to $314.58 million USDT) and an overall market cap estimated between $68.01 billion and $71.47 billion. The price range remains volatile, with SOL navigating support near $120.90 and resistance around $126.93.