Solana Price Edges Lower Amid Mixed Demand

Solana's price edged lower on Monday after recovering by 3% the previous day.

The asset has been consolidating within a symmetrical triangle pattern, with momentum waning. Institutional investors have shown mild demand for Solana, with $7.20 million in inflows last week, but retail demand is mixed.

SOL-focused ETFs recorded $7.20 million in inflows last week, bringing total inflows to $11.80 million so far in June, the fourth consecutive weekly inflow.

However, Open Interest has contracted by 1.60% over the last 24 hours to $4.81 billion, while volume has increased by 38% to $4.24 billion, indicating that retail activity is rising and highly leveraged positional buildup is being trimmed.