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Solana Price Outlook: $16M Inflow Suggests Accumulation—Will SOL Rally?

  • 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.

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