Solana's price has experienced a significant drop below the $200 mark, causing uncertainty among investors. However, this dip could present a bullish opportunity if market participants capitalize on it. The Net Unrealized Profit/Loss (NUPL) indicator has fallen into the Fear zone, indicating weakened investor sentiment, but historically, similar dips have preceded price reversals and potential recovery. Solana's Chaikin Money Flow (CMF) indicator has also dropped to an 18-month low, reflecting increased selling activity and skepticism among investors. To reverse the trend, Solana needs renewed buying pressure and the ability to regain investor confidence. While there has been a minor recovery, more bullish momentum is needed for a sustained uptrend. Solana currently trades at $202 and must push past $221 to confirm a recovery and increase the chances of further gains. If skepticism persists, Solana could face renewed selling pressure, with a drop below $183 leading to extended losses. The next few days will be crucial in determining Solana's trajectory.



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