Solana Price Prediction: Bulls Eye Rebound as $1.3B Stablecoin Inflows Hit Key Support
Solana price prediction sees weekly stablecoin inflows and DEX revenues while SOL trades near the oversold support level and expects a rebound towards the $130 resistance zone.
Solana (SOL) price prediction has recorded a significant milestone, with the blockchain network witnessing the largest weekly stablecoin inflows among major blockchain networks. According to data from Artemis, the network saw a net stablecoin inflow of approximately $1.3 billion over the seven-day period, marking the highest net positive change among competing networks.
Weekly Stablecoin Inflows and DEX Revenues
The significant inflow of stablecoins into the Solana network is a bullish sign, indicating a growing interest in the blockchain and its native token, SOL. The network’s performance in short-term DEX revenue exceeded that of other first and second-tier blockchain platforms, with Solana leading decentralized exchanges in revenue and volume during the period.
The data from Artemis also showed that Ethereum saw significant stablecoin outflows over the same period, putting it at the top of the outflow rankings among major blockchain networks. Other networks, including Ripple, Polygon PoS, Aptos, and Arbitrum, saw mixed results but lagged significantly behind Solana in stablecoin activity.
Technical Analysis and Price Prediction
Technical indicators showed that SOL was trading near oversold territory with signs of a possible recovery, although momentum metrics remained bearish, according to chart analysis. The cryptocurrency has been trading within a defined range between support and resistance levels. Analysts noted that a sustained rise above resistance levels would be needed to signal a renewed uptrend, while a failure to hold support could trigger further downside.
According to technical forecasts, the asset is aiming for a rebound towards the $130 resistance level. The broader cryptocurrency market has been declining recently due to regulatory concerns and the unwinding of leveraged positions, with major digital assets remaining below recent price highs.
Institutional investment in Solana-based exchange-traded funds remained limited, with U.S. spot SOL ETFs reporting minimal inflows last week, marking the lowest level in recent records, according to fund flow data. However, the significant stablecoin inflows and DEX revenues suggest a growing interest in the Solana network and its native token.
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