Solana Surges with Over 7% Gain as Capital Flows Increase

You can also read this news on COINTURK NEWS: Solana Surges with Over 7% Gain as Capital Flows Increase

In the early hours of the day, Solana (SOL) caught attention with a remarkable value increase exceeding 7%. The rising transaction volume, inter-chain liquidity transitions, and a general improvement observed in the market are rebuilding the trust of altcoin traders. The cryptocurrency market, led by Bitcoin ‘s upward movement, is bringing new expectations alongside Solana’s price performance. Notably, significant capital inflows from Ethereum and Arbitrum networks to Solana indicate that investor interest may be here to stay. Critical support and resistance levels identified in technical analyses suggest that SOL could transition to a new price range.

Increasing Inter-Blockchain Capital Flow

In the past 30 days, over $120 million has flowed into Solana from various blockchain networks. Inflows of $41.5 million from Ethereum and $37.3 million from Arbitrum show that the network has become an attractive center once again. This movement of capital is not just seen as speculative interest; it reflects a renewed confidence in Solana’s infrastructure and scalability.

The liquidity inflows have been supported by the reasonable maintenance of transaction fees on the network. A recorded transaction fee of $46 million in March and $22 million in April indicates that the usage rate of the network remains strong. This vitality in transaction volume may suggest that investors are beginning to assess medium and long-term opportunities rather than just short-term gains.

Technical Indicators and Price Ranges

Another significant detail highlighted by analysts is the clear support and resistance zones emerging in Solana’s price movements. SOL, which appears to be holding above the $129 support level, may gain new momentum towards $150 if it surpasses the $144 resistance point. This scenario is supported by both technical formations and volume indicators.

According to on-chain data shared by Glassnode, the $129.79 area is emphasized as the zone where investors are accumulating most. Maintaining this level is considered critical for the sustainability of any upward movement. Furthermore, daily trading volume exceeding $4.59 billion reveals that market interest is highly intense. Similarly, positive signals are noted on the futures trading front.

These developments indicate that the Solana network is revitalizing and that investor confidence is being renewed. The combination of market dynamics with current technical data reinforces the likelihood of a new upward channel forming in SOL prices.

The post Solana Surges with Over 7% Gain as Capital Flows Increase appeared first on COINTURK NEWS.