Solana recently experienced a price correction, falling below $170. However, it is showing signs of recovery and has reclaimed the $200 level as support. The network has lost 500,000 new investors over the past ten days, but increased participation from first-time investors could strengthen its position. The MVRV Ratio for Solana is rising sharply, indicating potential profit-taking activity that could threaten the recovery. Solana is currently trading at $202 and the next challenge is breaking the $221 resistance level. If support continues, Solana could rise to $245, but falling below $201 could invalidate the bullish scenario. Sustained market support is needed for continued recovery.



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