Solana network has gotten a big lift, with $120 million flowing in over the past month. It bringing fresh confidence to the platform. Ethereum and Arbitrum played key roles in this surge, helping Solana price rise 6% to $133.18. As the broader crypto market gains momentum, renewed interest could help it to hit $150. Even though Solana’s fee generation has slowed a little, the growing liquidity and positive market sentiment suggest SOL could break past resistance levels and push even higher soon.
Solana Network Inflows Spark Optimism
Solana’s network has been given a big boost, with $120 million flowing in over the past month. Ethereum and Arbitrum were the main contributors, adding $41.5 million and $37.3 million, respectively. This influx shows that confidence in Solana is growing, and many are now hoping for a price rally. On top of that, Solana’s price rose 6% to $133.36, and trading volume spiked by 35%. These positive signs come as the broader crypto market starts to recover.
The capital influx has fueled optimism, especially with Solana’s memecoins like POPCAT, BONK, and FARTCOIN showing impressive growth. Even though Solana’s fee generation has slowed, the growing liquidity and market optimism provide a solid foundation for a potential rally. Technical indicators, including the shift in Solana’s URPD and key support at $129.79, further suggest that the SOL price could push toward $150. If resistance at $144 is overcome, a breakout could send SOL to new highs, making $150 a real possibility in the near term.
Solana Price Analysis of April 17
The trading day of April 16th started with a moderate trading range shown on the SOL/USDT 5-minute chart. The RSI indicator showed an oversold condition at 08:10 UTC, leading to a price bounce and support being found at $123.51. As buyers stepped in, the price began to show upward momentum. Later, around 19:50 UTC, a golden cross appeared on the MACD indicator, signaling bullish momentum. This triggered an overbought situation, pushing the price to resistance at $133.90. Sellers took control here, and the price stalled as the MACD line suggested a potential reversal
SOL/USDT chart, analyzed by ShwetaCW, published on TradingView, April 17, 2025
Entering April 17th, a golden cross occurred at 04:00 UTC, reigniting buying pressure. The overbought conditions persisted between 05:10 and 06:40 UTC, further fueling upward movement. However, by 07:00 UTC, a death cross formed, indicating bearish momentum. The price retraced and fell back within the range, with buyers and sellers locked in a tug-of-war at key levels. According to Solana price prediction, if the bearish momentum continues, the support at $123.51 may be broken, with potential targets at $112 and lower. On the other hand, if the trend reverses, a breakout above $133.90 could lead the price to test $150.
Solana Price Prediction: What Is Next for SOL?
The recent surge in Solana network inflows has bolstered market optimism, pushing SOL closer to key resistance levels. With continued liquidity support, the Solana price may test $150 soon. If the crypto market maintains its momentum, a break above $144 could lead to significant gains, with $150 as the next target.
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