Solana has experienced a recent price drop followed by a brief recovery attempt, but impatient investors have been quick to sell, potentially impacting the altcoin's price. The influx and outflow of 2.7 million SOL in the past nine days reflect volatile market sentiment. While there was a surge in purchases during a price increase, leading to FOMO accumulation, these speculative buys have now been mostly sold off, affecting Solana's price recovery. Technical indicators like the RSI suggest a bearish market phase, with the need for a shift to bullish territory for price stability. Solana's current price at $158 is just below a critical resistance level of $161, with potential targets at $176 if the momentum continues. Failure to breach $161 could lead to a decline to $152 or $144, delaying recovery. Positive market conditions could establish $161 as a new support level, pushing Solana towards $168. Read more AI-generated news on: https://app.chaingpt.org/news