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Solana Sees Renewed Demand As Capital Flows Turn Positive – Details

  • Solana (SOL) is trading around key levels above $170, facing resistance near $185 amidst conflicting views on its short-term outlook.
  • New data from Glassnode indicates a positive trend reversal for Solana, with 30-day capital inflows growing steadily, reflecting renewed demand entering the ecosystem.
  • Solana's ability to stay above $170 and break decisively above $185 will be crucial in determining its short-term direction, potentially triggering further upside momentum.
  • Renewed demand and key resistance levels define Solana's next moves, with traders closely monitoring its ability to hold support and break resistance to signal a sustained breakout.

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