Solana has struggled after a 30% drop but saw a $16 million inflow, hinting at renewed investor confidence and a potential price rebound.
A significant spot inflow of $16 million suggests growing investor interest, signaling a potential turnaround as buyers outweigh sellers.
Technical indicators, such as the market's balance of power and the Relative Strength Index, suggest bullish momentum and increasing buying pressure for Solana.
If Solana can maintain strength above $205, a move toward $220 appears within reach, while failing to hold this support level may lead to a retest of $200.97.