Solana network inflows surge — Will SOL price follow?

Over the previous 30 days, crypto market contributors have bridged greater than $120 million in liquidity to Solana (SOL) from different blockchains, signaling renewed confidence within the community. Merchants transferred the very best quantity from Ethereum (ETH) at $41.5 million, adopted by a $37.3 million inflow from Arbitrum, in keeping with data from Debridge.

In the meantime, customers on Base, BNB Chain and Sonic moved $16 million, $14 million and $6.6 million, respectively.

Markets, Price Analysis, Market Analysis, Altcoin Watch, Solana — *Complete transferred quantity from different chains to Solana. Supply: debridge*

The return of liquidity to Solana paints a stark distinction to the community’s current challenges. Following Argentina’s LIBRA memecoin scandal, which ensnared President Javier Milei, Solana noticed traders move $485 million to different blockchains like Ethereum and BNB Chain.

The present liquidity inflow to Solana coincides with the return of double-digit worth rallies from memecoins as POPCAT, FARTCOIN, BONK and WIF rose 79%, 51%, 25% and 21%, respectively, over the previous seven days.

Nevertheless, additional evaluation exhibits the total generated fees for March coming in just below $46 million. For context, Solana’s charges peaked at over $400 million in January 2025. At the moment, the full charges generated for the month of April are roughly $22 million.

Solana worth has a troublesome uphill climb forward

From a technical perspective, Solana stays in a bearish pattern on the 1-day chart. SOL should exhibit a bullish break of construction by closing a each day candle above $147 for a bullish pattern shift.

Solana stays underneath the $140 stage, with the 50-day exponential shifting common (blue line) performing as a robust resistance. A bullish shut above the 50-EMA would have elevated the chance of a constructive pattern reversal, however SOL costs have stalled at present ranges.

On a decrease time-frame (LTF) chart, Solana exhibited a bearish divergence between the value and relative energy index (RSI) indicator. Traditionally, a bearish divergence setup has signaled a correction interval for Solana in 2025. SOL has skilled 4 bearish divergences since January, every following a worth decline.

There’s a robust similarity between its earlier and present bearish divergence. Each setups passed off after the value moved quickly above the 50-day and 100-day EMA (blue and inexperienced line) on the 4-hour chart, ultimately resulting in a worth drop.

Thus, it’s potential that Solana may observe the same path within the subsequent few days. The 1-day demand zone is the rapid space of curiosity for a bounce between $115 and $108.

In the meantime, in a current X publish, Glassnode reported a major shift in Solana’s realized worth distribution, with over 32 million SOL purchased on the $130 stage over the previous few days. That’s 5% of the full provide, which implies the $130 stage might be a robust assist stage sooner or later. The evaluation added,

“Beneath $129, we see 18M $SOL (3%) at $117.99, whereas above, 27M $SOL(4.76%) sit at $144.54. Within the brief time period, $144 may act as resistance and $117 because the decrease certain of the value vary, with $129 serving as the important thing pivot zone.”

This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.