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Solana's price is maintaining a critical support level near $84, with buyers defending the $82-$83 range despite recent market volatility. The cryptocurrency experienced a modest outflow of $585,473 from Solana ETFs on May 1, indicating selective trading behavior as the market assesses its next move. Currently, Solana faces resistance between $88 and $90, with short positions building in the $84-$87 zone.For Solana to regain bullish momentum, it needs to break through the $106 level, which is well above the current trading range. The token remains below key moving averages, and technical indicators suggest a balanced market with no clear directional bias. ETF inflows for Solana have cooled, with April seeing the smallest monthly total despite cumulative inflows nearing $1 billion. The market awaits stronger volume and a decisive move above resistance to shift sentiment.

SOL+1.49%

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