$SOL

Solana’s 14% Drop from All-Time High Fails to Break Bullish Momentum

Solana SOL/USDT has dropped 14% from its all-time high of $295.83, reached on January 19. Despite the decline, bullish sentiment remains strong as market participants ease profit-taking.

This shift suggests a potential recovery, with SOL poised to retest and possibly surpass its all-time high. Here’s a closer look at the factors supporting this prediction.

Solana Bulls Attempt to Reclaim All-Time High

Today, Solana reported a rebound in net inflows into its spot markets, indicating renewed investor interest in the cryptocurrency. The shift comes just a day after the altcoin saw net outflows totaling $137 million, its highest level in the past 30 days.