Solana Inflows Crash To 6-Month Low As Price Struggles To Cross $200
BeInCrypto
Solana's price is struggling below $200, leading to investor caution and exchange net position changes indicating selling pressure.Summary
Solana's price action has been sideways, failing to break the $200 resistance level, which has triggered investor caution and profit-taking, marking the first signs of selling activity in three weeks.
The Chaikin Money Flow (CMF) indicator has hit a six-month low, reflecting heavy outflows from the SOL market, suggesting liquidity is leaving the asset and limiting rebound potential.
Currently trading around $185, Solana is vulnerable below the $183 support; a drop below this could lead to consolidation near $175 or a further decline to $170, while a successful breach above $200 would invalidate the bearish outlook.
(Source：BeInCrypto)