Over the past 30 days, Solana (SOL) has attracted over $120 million through bridges from other blockchains, indicating increased investor confidence. Ethereum (ETH) contributed the most at $41.5 million, followed by Arbitrum with $37.3 million, according to data from Debridge.
Despite this capital influx, Solana's total fees for April are approximately $22 million. Solana's price is facing resistance below $140, with the 50-day exponential moving average acting as a barrier.
A recent Glassnode report highlighted that over 32 million SOL were purchased around the $130 level recently, potentially establishing this as a strong support zone. Analysis suggests that $144 could act as resistance, while $117 might serve as the lower boundary of the price range, with $129 as a key pivot point.