- Solana network inflows have surged by $120 million in 30 days, signaling renewed investor confidence.
- With rising trading volume and strong support at $129, SOL appears poised to rally toward the $150 mark.
Solana (SOL) is making waves in the crypto market once again, thanks to a surge in network inflows that has ignited optimism among investors. With over $120 million pouring into the Solana ecosystem in the past 30 days, analysts are pointing to a potential rally that could catapult the SOL price to the coveted $150 mark.
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The influx comes as crypto markets show signs of recovery, with major players like Bitcoin and Ethereum gaining momentum. But Solana is stealing the spotlight—its price recently spiked more than 6%, hitting $133.36 with a trading volume boost of 35%, according to the latest data.
Capital has been steadily flowing into the network, primarily from Ethereum and Arbitrum, which contributed $41.5 million and $37.3 million respectively. This migration reflects renewed investor confidence in Solana, especially after months of uncertainty and declining fee generation. Even though Solana‘s network fees dropped from $46 million in March to just $22 million in April so far, sentiment is clearly shifting.
Adding fuel to the fire, Solana’s memecoins—POPCAT, FARTCOIN, BONK, and WIF—have all posted strong gains, signaling increased retail interest. Meanwhile, technical indicators further support the bullish outlook. According to Glassnode, Solana’s cost basis is undergoing a notable shift, with a strong supply cluster forming around $129.79—now seen as a critical support level.
If SOL maintains this base and breaks through the $144 resistance level, a surge to $150 could be just around the corner. Futures market sentiment also aligns with this view, as open interest in Solana contracts rose 6%, hinting at heightened investor engagement and speculative appetite.
With liquidity inflows climbing, on-chain data improving, and broader market conditions aligning, Solana appears primed for a major breakout. For investors eyeing the next big move, all signs point toward a bullish path—potentially straight to $150.
