Solana Posts More Net Inflows Than All Major Chains Combined: When Will SOL Break $160?

Solana is facing selling pressure, with $160 acting as a resistance level. Despite positive momentum in September, buyers failed to push prices above this line. However, Solana has seen a significant influx of net inflows in the past three months, exceeding other platforms like Ethereum. This capital injection indicates Solana's scalability and attractiveness for projects. While Ethereum has experienced massive outflows, Solana has received over $800 million in net flows. Factors contributing to Solana's capital influx could include lower fees and on-chain fee differences. The coin remains under selling pressure, and the $160 resistance level needs to be broken for the uptrend to continue. Further gains could see Solana reach $190. However, headwinds exist, including Bitcoin's performance and the upcoming FTX token distribution. The release of 66,000 SOL tokens daily for a year could also impact prices.