The price of Solana (SOL) has dropped below the critical $200 level, following the broader market downturn triggered by Bitcoin's decline below $100,000. There has been a consistent outflow of funds from SOL's spot markets over the past three days, totaling over $365 million. This decrease in demand and bearish sentiment towards SOL is reflected in the long/short ratio, which is currently below one at 0.93. Additionally, the Chaikin Money Flow indicator suggests strong selling pressure and negative money flow for SOL. If this trend continues, SOL's price could fall to $187.71, but a resurgence in demand could lead to a rise to $229.03.



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