Solana Eyes 14% Breakout Amid Exchange Outflows

Solana (SOL) is trading near $90, showing a potential reversal pattern as buyers shift exchange flow to net outflows for five consecutive sessions. According to BeInCrypto, SOL has rebounded 11% since late March, forming an inverse head-and-shoulders pattern. The 20-day EMA is approaching a bullish crossover with the 50-day EMA, while the 100-day EMA remains a resistance level at $93.91. Glassnode data indicates a significant supply cluster above current prices, suggesting potential resistance. A breakout above $96.95 could lead to a 14% price increase, targeting $111.00.