Summary
TLDR: Solana (SOL) price dropped 16% in the last two days, possibly due to outflows from institutional investors. Despite this, Solana still has the highest month-to-date flows among altcoins. Investors remain optimistic and bullish on SOL, with price testing support at $168. If support is lost, a drop to $150 is possible. This analysis is for informational purposes only, not financial advice.
Key Points
1. Solana’s price fell over the last two days, with outflows of $2.7 million, raising concerns about institutional favor.
2. Despite the recent correction, Solana has still received $23.8 million in flows since the beginning of March, outperforming Ethereum in terms of institutional interest.
3. Solana holders continue to exhibit bullish sentiment, showing optimism for further price increases despite the recent decline.