- Solana, BNB, and Hyperliquid all recorded notable daily losses, signaling widespread short-term selling pressure across top cryptocurrencies.
- Despite price declines, trading volumes for all three tokens rose, showing active participation and profit realization after recent rallies.
- Solana defends the $195 zone, BNB holds above $1,200, and HYPE seeks stability near $39 — all key areas for potential recovery.
Solana (SOL), BNB (Binance Coin), and Hyperliquid (HYPE) collectively depict a day of notable declines across the Crypto market, signaling short-term selling pressure and possible risk-off sentiment among traders.
Solana (SOL) – Mild Pullback After Strong Run
Solana’s price dropped 3.92% in the past 24 hours to $200.50, following an earlier high near $208.43. Despite the decline, the 24-hour trading volume increased by 16.56%, suggesting active market participation even amid selling. With a market cap of $109.61B, Solana still maintains strong dominance among Layer-1 networks.
Source: Coinmarketcap
The chart shows a clear intraday dip after a sharp morning sell-off, followed by partial recovery attempts. This indicates buyers are defending near the $195 zone, a key short-term support level. Overall, SOL remains in a bullish structure, but current price action reflects profit-taking after recent strength.
BNB (Binance Coin) – Heavier Pressure Near Key Resistance
BNB experienced a steeper drop of 5.29%, falling to $1,218.66 after reaching highs around $1,286.80 earlier in the day. Its market cap declined to $169.61B, with a daily volume of $10.1B, down 16.56% from prior sessions. The volume-to-market cap ratio of 5.96% indicates moderate turnover.
Source: Coinmarketcap
The decline followed strong resistance near $1,300, where BNB faced rejection, leading to steady intraday selling. However, prices appear to be stabilizing above $1,200, which could act as the next key support zone. Maintaining that level would be crucial for a potential recovery attempt toward previous highs.
Hyperliquid (HYPE) – Steepest Drop Among the Three
Hyperliquid ’s token HYPE recorded the sharpest decline, down 8.22% to $39.49. The token’s market cap fell to $13.29B, even as volume rose by 6.66% to $884.9M, showing increased short-term activity. The circulating supply of 336.68M HYPE suggests moderate liquidity in comparison to total supply.
Source: Coinmarketcap
The chart shows consistent downward pressure throughout the day, with only minor recoveries after each dip. This persistent decline points to strong profit-taking and limited demand at higher levels. While HYPE remains one of the more volatile assets, it may need a stabilization phase before regaining upward momentum.
Overall Market Takeaway
All three assets show evidence of broad short-term corrections, driven by selling near resistance levels and potential rotation out of high-performing tokens. However, trading volumes remain strong, indicating that these moves likely reflect profit-taking rather than full-scale trend reversals. Maintaining key support zones over the next few sessions will determine whether this pullback evolves into deeper consolidation or sets the stage for renewed buying momentum.
