Solana (SOL) Slips Below $140 Amid Market Cooldown

In Brief:

SOL/USDT is now trading at $141.48 on Binance.

The token has declined 3.3% over the past 24 hours.

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Solana (SOL) has dropped below the $140 mark as broader market momentum cools off. According to data from ChainCatcher, SOL/USDT is currently trading at $141.48, reflecting a 24-hour decline of 3.30%.

The dip follows recent strength in SOL, which surged earlier in the month alongside the meme coin rally and increased DeFi activity on the Solana chain. However, this pullback may signal short-term exhaustion or profit-taking as traders respond to macro uncertainty and resistance near the $150 level.

Despite the drop, Solana remains one of the top-performing Layer 1 assets in 2024, supported by rising developer activity, strong ecosystem narratives, and improved network reliability.

Investors will be watching to see if SOL can hold above key support zones in the $130–$135 range in the days ahead.

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