Solana (SOL) Price Dips as Institutional Interest Declines – Can it Bounce Back?
Wednesday, 20 March 2024, 19:30
Is Solana Losing Institutions’ Favor?
Solana's price decline in the wake of institutional outflows raises concerns. Ethereum and Solana witnessed significant outflows while Bitcoin experienced inflows, hinting at a nuanced market sentiment shift.
Solana Institutional Flows:
- $23.8 million inflow since March
- SOL still surpasses Ethereum in flows
- Despite correction, bullishness remains high
SOL Price Prediction:
SOL testing key support at $168 with potential rebound to $183 or decline to $150 based on market conditions.
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.