Solana Price Drops Below $65 Amid Mixed Institutional Demand

The Solana (SOL) price has been under steady selling pressure for weeks, with Wednesday's session showing little improvement. The cryptocurrency is currently trading around $64-$66, well below its key moving averages.

Exchange flows have improved since March, with recent sessions showing moderate net inflows, suggesting some accumulation activity. However, the path to recovery remains uncertain, with several hurdles ahead.

The TD Sequential buy signal flagged by analyst Ali Charts points to a potential move towards the $77 resistance cluster. If confirmed, this could target $75.63 and eventually the 50-day EMA near $80.25.