Solana is testing a support zone that is seen as critical for short-term direction. While a relatively balanced outlook stood out in the market in the last 24 hours, capital inflows and technical structure on the network side turned investors’ focus back to SOL. While the SOL price was at $76.17, the 24-hour trading volume was recorded as $1.8 million and the market value was $44.4 billion.
The $97 level stands out in the technical outlook
Daan Crypto Trades states that Solana price is approaching a technical area that can be considered decisive on higher time frames. According to the analyst, it is important for buyers to maintain the current level and create a higher bottom in order not to disrupt the current upward structure.
Analysts consider that maintaining the current support could strengthen the bullish outlook on Solana and push the price back towards the $97 resistance near the upper end of the trading range.
If this support is maintained, it is possible for the market to regain confidence and the price to make another attack towards the 97 dollar region. On the other hand, losing the support area may increase selling pressure and weaken the structure that has formed in recent days.
Experts point out that in case of a downward break, the price may decline to the mid-range of $60. The region in question is being monitored as one of the areas where demand has been seen before.
The increase in capital entering the network attracts attention
Solana Floor data shows that $26 million worth of crypto assets have entered the Solana network from different chains in the last seven days. This picture points to a revival of interest in the network ecosystem.
These listings suggest that investors are using Solana more due to its fast transactions, low fees, and variety of decentralized applications with DeFi applications on the network. Cross-chain bridges are known as infrastructures that enable asset transfer between different blockchains.
Mini dictionary: A cross-chain bridge is a system that allows assets from one blockchain to be moved to another blockchain. These tools are among the important indicators of ecosystem activity as they facilitate the flow of liquidity between networks.
The $26 million in assets entering the Solana network in the last seven days reveals that liquidity flow continues in the ecosystem and investor interest is gaining strength.
Market trend may be supportive for SOL
Analysts predict that a steady continuation of cross-chain inflows could increase interaction and network activity in the DeFi space. This activity is also expected to support market perception.
The upside expectation in SOL is not limited to network data only. The recovery trend in Bitcoin is also cited as one of the factors supporting risk appetite in the broader crypto market.
If current support is maintained and cross-chain asset flows continue to increase, buying appetite may strengthen and the price may move towards higher resistance zones. On the other hand, if the support level breaks below, the risk of withdrawal may come to the fore again.
