The SOL token, native to the Solana blockchain, has attracted attention despite the bearish market sentiment. Long-term holders and investors have been accumulating SOL, as evidenced by a significant inflow of over $100 million worth of tokens in the past 48 hours. This accumulation suggests a potential buying opportunity and the possibility of an upside rally. On the other hand, short sellers are betting on the short side, holding significant short positions at certain price levels. Currently trading near $224.15, SOL has experienced a price drop of 3% in the past 24 hours. Technical analysis suggests a bearish pattern and the possibility of a price drop if SOL breaches the neckline at $220. However, this bearish scenario will only hold if SOL closes a daily candle below the neckline.



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