#AltCoinRevoulation2028

Solana Sees First Major Inflow in February, Aims to Stay Above $200

Solana has been on a downward trajectory, losing nearly 20% of its value since closing at $252.42 on January 19.

However, a rebound could be on the horizon as the coin records its first cash inflow in February, signaling renewed investor interest. This analysis has the details.

Solana Bulls Attempt to Rebound

: According to Coinglass, spot market inflows to SOL reached $16 million on Monday, marking its first major inflow in 10 days. This renewed buying interest comes as SOL attempts to stay above the key $200 level.

Spot inflows often indicate investor confidence or a potential positive shift in market sentiment towards an asset. When an asset sees spot inflows, it means an increase in buying of that asset in the spot market, where trades are settled immediately.

Therefore, this trend indicates an increase in demand for SOL, as buyers are willing to purchase it at the current market price.