Capital rotation into Solana accelerated this week as traders bridged over $10 million from rival networks. The largest inflow came from Ethereum, which contributed nearly $6 million alone.
Additionally, users moved funds from Arbitrum, Base, and BNB Chain. This steady migration signals growing demand for Solana-based assets and applications.
Moreover, the shift reflects a broader trend where traders seek faster execution and lower fees. Consequently, Solana continues to position itself as a preferred destination for active market participants.
Technical Structure Holds Above Support
Market analysts point to a constructive price structure despite recent resistance. BitGuru noted that SOL faced rejection near $97, triggering a controlled pullback. However, price now approaches the $91–$93 support zone, which aligns with prior resistance.
This area remains critical for maintaining bullish momentum. If buyers defend this level, the market could establish higher lows. Hence, a rebound may push SOL back toward $97, with a breakout opening a move above $100.
Additionally, gnarleyquinn highlighted a potential confirmation signal on the daily chart. Price continues to press above a key resistance band near $92. A second daily close above this level would confirm acceptance beyond the previous range.
Consequently, this shift could mark the transition from consolidation to expansion. Failure to hold support, however, may return price toward the $88 region.
Liquidity Targets and Expansion Outlook
Further upside scenarios depend on sustained momentum and volume. According to curb.sol, a recent wick toward $184 suggests a larger liquidity target. This move likely reflects a temporary imbalance rather than a completed trend.
Moreover, reclaiming $100 would act as the first step toward higher resistance zones. Analysts identify $135 and $164 as intermediate levels before any retest of $184.
Solana currently trades near $93.74, with steady weekly gains and strong trading volume. Significantly, its market cap exceeds $53 billion, reinforcing its dominance.
Source: https://coinpaper.com/15500/solana-sees-10-m-capital-inflows-eyes-100-184-targets
