What next for Solana as recovery attempts stall?

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The crypto market has underperformed in the last 24 hours after an excellent performance earlier this week. Solana’s SOL is the worst performer in the top 10, down 5% in the last 24 hours and now trading below $90. The coin risks a bearish flip within a broader consolidation range. However, data shows cumulative flow in Solana Exchange Traded Funds (ETFs) holds strong, indicating growing institutional demand. Meanwhile, retail interest in SOL remains volatile, as a spike in long liquidations indicates declining demand. Institutional demand for SOL remains strong Institutional demand for Solana ETFs remains strong despite SOL underperforming since Thursday. According to Bloomberg analyst Eric Balchunas, the steady rise in cumulative inflows in Solana ETFs peaked at $1.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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