Solana (SOL) Price Dips as Institutional Interest Declines – Can it Bounce Back? 📉🤔

Irma - Mar 20 - - Dev Community

📈 Solana (SOL) price saw a sharp rise amid a slowing market until a sudden halt this week.

📉 The recent dip, often attributed to market corrections, might have a deeper cause - a potential loss of institutional favor.

📊 Institutional interest, highlighted in CoinShares' weekly report, showed a significant influx into Bitcoin but outflows from Ethereum and Solana. While Ethereum faced outflows of $13.9 million, Solana saw $2.7 million leaving the asset. Despite this, Solana's month-to-date flows remain positive, outperforming Ethereum.

🚀 However, despite the recent correction, investor sentiment remains bullish, signaling optimism for Solana's future performance.

💰 SOL Price Prediction: If support at $168 holds, a bounce back to $183 is likely. But if $168 is breached, a drop to $150 could invalidate the bullish trend. 🛑

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