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Solana is up 25% from the recent four-month low of $110 amid an impressive rebound, but market data shows mixed signals as bulls look to maintain the recovery push.
The daily Accumulation/Distribution metric on the daily SOL chart shows a rising trend.
This indicates that more investors are accumulating Solana, a positive sign for potential upward momentum, with the metric currently flashing a 297.43 million SOL figure.
This recovery suggests a strong bullish sentiment, but has faced mild corrections. Solana is up 7% in the past 24 hours.
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