Solana is talking about him. After a rout marked by a massive exit of capital, the network records an unexpected return of flows. Almost $ 120 million was transferred to its ecosystem in a month. This inversion of trend intrigues analysts and awakens speculations around a resumption of the soil, its native token. While some see it as a strong signal of confidence found, others remain cautious in the face of a still fragile market structure. What really hides this renewed interest?
In short
- Solana records more than $ 120 million in entries from other blockchains.
- Popcat, Fartcoin, Bonk and WIF stir up the speculative craze.
- The soil must cross key resistance to confirm an upward trend.
- Investors are divided between fundamental optimism and graphic prudence.
Solana absorbs $ 120 million from other blockchains
In the past thirty days, inter-channel bridges have seen more than $ 120 million liquidity towards Solana transit, according to Debridge data. These funds come from several major blockchains, with Ethereum in mind.
In detail, 41.5 million comes from Ethereum, 37.3 million arbitrum, 16 million base, 14 million BNB chain and 6.6 million from the Sonic network. This trend reversal is notable.
It should be noted that these figures intervene in a post-crisis context, where the network had seen $ 485 million in capital flee towards Ethereum and BNB Chain, direct consequence of fiasco around the same Libra in Argentina.
Lucas Outumuro, research manager at Intotheblock, comments this return from capital as “A significant resumption of confidence in the Solana ecosystem, especially after the shock last month».
This movement is also fueled by the boom in several native memecoins of the network, which revives the speculative attraction for the Solana ecosystem. Over the last seven days, several assets have distinguished themselves by notable performance:
- Popcat: +79 %, rising figure of the same wave;
- Fartcoin: +51 %, powered by a very active community;
- Bonk: +25 %, which benefits from a revival of visibility on social platforms;
- WIF (Dogwifhat): +21 %, supported by growing volumes on Solana Dex.
Crypto users clearly seek to capitalize on this speculative euphoria, capable of rekindling the interest around the blockchain. These dynamics, visible both on prices and on exchange volumes, confirm a return of activity to the network, still fragile, but very real.
Still fragile technical signals despite the influx of liquidity
On the graphic level, the ground situation remains contrasted. Although the crypto has taken over more than 17 % over the past week, it has not yet managed to cross decisive thresholds to validate a trend reversal.
The price is not in particular on resistance located around $ 140, reinforced by the exponential mobile average over 50 days. In addition, the soil must imperatively close over 147 dollars to confirm a sustainable bullish reversal. For the moment, the configuration remains down on the daily scale.
Another element to monitor is the presence of lowering divergences on the graphics in 4 hours. These technical signals, identified on several occasions, have often preceded price corrections.
A key support area is nevertheless between 115 and 108 dollars, where demand could offer a floor in the event of withdrawal. It should be noted that nearly 32 million soil have been acquired around 130 dollars, or around 5 % of the total supply, which gives some local stability at this level.
In this context, the contrast between positive fundamentals and prudent technical indicators encourages restraint. If adoption prospects and institutional interest suggest bullish potential for Solana, the graphic validation of a reversal remains to be confirmed. The Crypto market therefore seems to wait for an additional catalyst before truly relaunching the upward dynamics on the ground. A possible break in technical resistances could open the way to a new phase of appreciation, but for the time being, crypto investors remain under observation.
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