Solana ($SOL) price is up over 2% at press time on Monday, staging a minor recovery after four consecutive days of losses, bringing the total to a 5% drop last week. However, institutional confidence in Solana took a hit on Friday with an outflow of roughly $8 million, while derivatives data reflects a bearish stance amid negative funding rates.

The technical outlook for Solana is mixed, as the short-term recovery requires a successful daily close to confirm renewed deman