Solana (SOL) is showing signs of recovery as institutional interest peaks, evidenced by recent significant inflows. After a turbulent period, SOL is gaining traction, with nearly $6 million in inflows last week, leading altcoins in attracting institutional funds. This renewed interest, along with technical indicators like the Relative Strength Index (RSI) nearing bullish levels, suggests a potential breakout above $160. However, traders should remain cautious as market conditions can still impact the forecast.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
