Solana (SOL) Price: SOL Maintains Multi-Year Trendline as $450M Flows In | Solana saw over $450 million in bridged assets in April, primarily from Ethereum, signaling increased user confidence in its DeFi and dApp ecosystem. With over $88 million generated in revenue, it now commands 41% of total revenue among Layer 1 and Layer 2 chains. Currently trading at $147.50, SOL's price dynamics show a clustering of long positions near $143.50 which could create a "liquidation magnet." A move above $145 may trigger short liquidations, potentially pushing SOL toward $150. Technical analysis shows it above a long-term trendline and forming bullish patterns, including an ascending triangle and an inverse head and shoulders. Broader market factors, such as China injecting liquidity and the FOMC meeting outcomes, may also influence SOL's price trajectory. A recent transfer of over 120,000 SOL by a whale may indicate selling pressure. SOL has been consolidating between $143.50 and $154, with a breakout above $154 potentially leading to a 15% rally, while a drop below $143.50 may see it fall to $132 or $120 support.

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