Solana (SOL) has seen a surge in price, increasing by 6.25% in the past 24 hours, and is currently trading at $217.60. This surge has caused a breakout of the altcoin's trendline, indicating a shift in sentiment and gaining attention from investors and traders. Technical analysis suggests that if SOL remains above the $210 level, it could potentially reach its all-time high with a 22% increase. However, despite the bullish outlook, there has been a significant outflow of SOL from exchanges, totaling $201.69 million. This dumping by long-term holders could create selling pressure and lead to a price decline. The market has not yet reacted to these activities, potentially due to discussions of a new health crisis in China.



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