SOL has fallen 3.0% over the past 24 hours, trading at $124.24 as of December 23, according to CoinMarketCap. The decline comes amid reduced buying pressure, with the token nearing key support levels. Market participants are closely observing on-chain activity for potential reversal signals as SOL struggles to maintain its position above $125. Broader altcoin markets also remain under pressure, contributing to SOL's recent performance.