{"id":127349,"date":"2025-04-17T04:20:51","date_gmt":"2025-04-17T04:20:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127349"},"modified":"2025-04-17T04:20:51","modified_gmt":"2025-04-17T04:20:51","slug":"solana-network-inflows-surge-will-sol-price-follow","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127349","title":{"rendered":"Solana network inflows surge \u2014 Will SOL price follow?"},"content":{"rendered":"

Source: Cointelegraph.com NewsOver the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount from Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from Arbitrum, according to data from Debridge.
\nMeanwhile, users on Base, BNB Chain and Sonic moved $16 million, $14 million and $6.6 million, respectively.
\nTotal transferred amount from other chains to Solana. Source: debridgeThe return of liquidity to Solana paints a stark contrast to the network’s recent challenges. Following Argentina\u2019s LIBRA memecoin scandal, which ensnared President Javier Milei, Solana saw investors move $485 million to other blockchains like Ethereum and BNB Chain.
\nThe current liquidity influx to Solana coincides with the return of double-digit price rallies from memecoins as POPCAT, FARTCOIN, BONK and WIF rose 79%, 51%, 25% and 21%, respectively, over the past seven days.
\nHowever, further analysis shows the total generated fees for March coming in just under $46 million. For context, Solana\u2019s fees peaked at over $400 million in January 2025. Currently, the total fees generated for the month of April are roughly $22 million.
\nSolana total generated fees and revenue. Source: DefiLlamaRelated: Spot Solana ETFs to launch in Canada this week
\nSolana price has a tough uphill climb ahead
\nFrom a technical perspective, Solana remains in a bearish trend on the 1-day chart. SOL must exhibit a bullish break of structure by closing a daily candle above $147 for a bullish trend shift.
\nSolana 1-day chart. Source: Cointelegraph\/TradingViewSolana remains under the $140 level, with the 50-day exponential moving average (blue line) acting as a strong resistance. A bullish close above the 50-EMA would have increased the likelihood of a positive trend reversal, but SOL prices have stalled at current levels.
\nOn a lower time frame (LTF) chart, Solana exhibited a bearish divergence between the price and relative strength index (RSI) indicator. Historically, a bearish divergence setup has signaled a correction period for Solana in 2025. SOL has experienced four bearish divergences since January, each following a price decline.
\nSolana 4-hour chart. Source: Cointelegraph\/TradingViewThere is a strong similarity between its previous and current bearish divergence. Both setups took place after the price moved temporarily above the 50-day and 100-day EMA (blue and green line) on the 4-hour chart, eventually leading to a price drop.
\nThus, it is possible that Solana could follow a similar path in the next few days. The 1-day demand zone is the immediate area of interest for a bounce between $115 and $108.
\nMeanwhile, in a recent X post, Glassnode reported a significant shift in Solana\u2019s realized price distribution, with over 32 million SOL bought at the $130 level over the past few days. That is 5% of the total supply, which means the $130 level could be a strong support level in the future. The analysis added,
\n\u201cBelow $129, we see 18M $SOL (3%) at $117.99, while above, 27M $SOL(4.76%) sit at $144.54. In the short term, $144 could act as resistance and $117 as the lower bound of the price range, with $129 serving as the key pivot zone.\u201d
\nSolana UTXO realized price. Source: GlassnodeRelated: Bitcoin price recovery could be capped at $90K \u2014 Here\u2019s why
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsOver the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127349"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127349"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127349\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127349"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}