Solana price prediction bulls eye rebound as $1.3b stablecoin inflows hit key support
Solana price prediction leads weekly stablecoin inflows and DEX revenue while SOL trades near oversold support, eyeing a rebound toward the $130 resistance zone.
- Solana price prediction captured about $1.3b in weekly net stablecoin inflows, far ahead of rival chains.
- SOL trades near technical support with oversold signals but still bearish momentum.
- Ethereum saw sizable stablecoin outflows as Solana led DEX revenue and volume among major networks.
Solana (SOL) price prediction as bulls recorded the largest weekly stablecoin inflows among major blockchain networks, according to data from Artemis, as the cryptocurrency’s price traded near technical support levels.
The blockchain registered approximately $1.3 billion in net stablecoin inflows over the seven-day period, representing the highest positive net change among competing networks, according to the data. Solana was the only chain to record such substantial inflows during the period measured.
SOL, the network’s native token, traded near support levels following a daily decline and a larger weekly drop. The asset’s 24-hour trading volume increased significantly during the period, according to market data.
Institutional investment in Solana-based exchange-traded funds remained limited. U.S. spot SOL ETFs reported minimal inflows last week, marking the lowest levels in recent records, according to fund flow data.
Ethereum, by contrast, registered substantial stablecoin outflows during the same period, topping outflow rankings among major blockchain networks, the Artemis data showed. Other networks including Ripple, Polygon PoS, Aptos, and Arbitrum recorded mixed results but remained significantly behind Solana in stablecoin activity.
Solana also led in decentralized exchange revenue and volume during the period, according to blockchain analytics data. The network’s performance in short-term DEX revenue outpaced other layer one and layer two blockchain platforms.
The broader cryptocurrency market declined recently amid regulatory concerns and liquidations of leveraged positions, according to market analysts. Major digital assets remained below recent price highs.
Technical indicators showed SOL trading near oversold territory with signs of potential recovery, though momentum measures remained bearish, according to chart analysis. The cryptocurrency traded within a defined range between support and resistance levels.
Analysts noted that a sustained move above resistance levels would be required to signal a renewed upward trend, while failure to hold support could trigger further downside movement. The asset targets a rebound toward the $130 resistance level, according to technical projections.
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