$SOL The entries in the Solana network increase — Will the price of SOL continue?

Cryptocurrency investors have surpassed $120 million to Solana from competing blockchains, but technical data suggests that the price of SOL will struggle to maintain its recent gains.

In the last 30 days, cryptocurrency market participants have reduced over $120 million in liquidity to Solana

SOL

$133.96

from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount of Ethereum

ETH

$1,593

at $41.5 million, followed by an influx of $37.3 million from Arbitrum, according to Debridge data.

Meanwhile, users of Base, BNB Chain, and Sonic moved $16 million, $14 million, and $6.6 million, respectively.