Why Solana (SOL) Price is Still at Risk Despite 30% Recovery
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The Solana (SOL) price failed to sustain its increase despite a breakout from a bullish pattern. This led to a sharp fall starting on June 5. The price action and wave count both indicate that more downside is expected until the SOL price eventually bottoms. Solana Falls Below Long-Term Support The daily time frame technical analysis for SOL shows that the price has fallen since April 17. Solana created a lower high on June 4 (red icon) before accelerating its rate of decrease. The drop led to a low of $12.80 on June 10. The decrease was crucial since it
Solana is trading under $180 despite 199M new inflows to ETFs, which underscores a disconnect between institutional capital and token returns. Solana (SOL) dropped dramatically to approximately 177.15, under 180, though new ETFs tied to the token attracted 199 M last week. The inflows propelled the total ETF assets beyond…