Summary
TLDR: Solana (SOL) is losing institutional investor support, leading to potential price decline. The lack of optimism among institutions is reflected in the funding rate, indicating a possible 15% drop in SOL price to $160. However, if SOL breaks past $200 resistance, it could reach $220.
Key Points
1. Solana (SOL) is losing the support of institutions, which may lead to a significant correction in its price.
2. The outflows of nearly $5.6 million from institutions in the past week have contributed to a decline in investment in Solana.
3. The lack of optimism among traders, as indicated by the stagnant funding rate of SOL, suggests a potential decline in price, with a predicted 15% drop to $160.