Solana has shown significant growth in recent months, but data on declining inflows may pose a threat to this trend.
Weak Inflows Threaten Solana's 30% Monthly Surge
Solana has exhibited a strong monthly rally, increasing by 30%. However, recent data suggests that weakening inflows and profit-taking pressures could lead to a reversal.
Solana Experiences 4.5% Price Drop in 24 Hours
Solana has faced a price drop of 4.5% over the last 24 hours. This decline is linked to pressures from profit-taking, and analysts note that further price shifts may occur as market participants focus on key support levels.
Historical Patterns Suggest Possible Corrections
Previous profit-taking periods have resulted in Solana experiencing corrections between 8% and 23%, highlighting potential future declines given current market conditions.
Despite current challenges, the market remains vigilant regarding Solana, particularly watching for a potential breakout in the $250-$300 range.
