Impending 15% Decline in Solana (SOL) Price - What to Expect

Monday, 25 March 2024, 17:30

Solana (SOL) price faces a possible 15% decrease this week due to diminishing institutional support. The outflows from institutional investors signal a bearish trend for the altcoin unless a significant turnaround occurs. Retail investors may find it challenging to counteract the downward pressure on SOL.
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Impending 15% Decline in Solana (SOL) Price - What to Expect

Institutions Take a Break From Solana

Solana (SOL) is losing the support of institutional investors, leading to a likely price decline. Substantial outflows have been recorded in recent weeks, signaling a bearish outlook for the altcoin.

Solana Institutional Flows

Nearly $5.6 million pulled out by institutions, impacting SOL's price negatively. Retail investors may struggle to prevent a further decline in SOL's value.

SOL Price Prediction: Another 15% Decline on the Cards?

SOL's price is expected to drop by 15%, potentially falling to $160 due to weakening institutional backing. Breaking past the $200 resistance level could present a bullish scenario for the altcoin.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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