Solana’s value surpassed 200 USD, indicating strong market demand despite significant Movement to exchanges. Historically, such inflows hint at bearish sentiments as holders might be selling. The current bullish trajectory, however, shows demand absorbing the supply, hinting at continued upward momentum.

Breaking its 20-day EMA, Solana presents a possible bullish reversal, further supported by the MACD line sitting above its signal line. This technical setup implies increasing investor confidence and potential price resistance breakouts beyond 219.31 USD.