Solana network inflows surge — Will SOL price follow?

Over $120 million in liquidity has flowed into Solana from other blockchains in the last month, indicating renewed investor confidence. Ethereum contributed the most at $41.5 million, followed by Arbitrum's $37.3 million. This influx contrasts with a prior $485 million outflow triggered by Argentina's LIBRA memecoin scandal. The return of liquidity coincides with recent price surges in Solana-based memecoins. Despite this, Solana's total generated fees in March were under $46 million, significantly lower than January's peak of $400 million. Technically, Solana remains in a bearish trend, needing a daily close above $147 for a bullish shift. A bearish divergence on a lower timeframe suggests a potential price correction for Solana. A demand zone between $115 and $108 is an area of interest for a price bounce. Analysis shows a significant amount of SOL was bought at the $130 level, potentially acting as strong support.