$1.3 billion stablecoins flood into Solana, can SOL hold the key support and surge to $130

A clear positive signal has emerged on the Solana chain. According to data released by Artemis, approximately $1.3 billion in stablecoin net inflows occurred over the past 7 days, ranking first among major public chains and being the only network to reach this scale. This indicates that a large amount of liquidity is concentrating into the Solana ecosystem, providing substantial support for the SOL price. In contrast, Ethereum experienced significant stablecoin net outflows during the same period, while capital activity in Ripple, Polygon PoS, Aptos, and Arbitrum was also noticeably lower than in Solana.

Market Signals Behind Stablecoin Inflows

The flow of stablecoins often reflects the true intentions of market participants. When a large amount of stablecoins flood into a blockchain, it usually signifies potential buying pressure building up.

Structural Advantages Are Becoming Evident

From the perspective of capital flow, Solana has gained a clear liquidity advantage. Relevant data shows that Solana’s revenue and trading volume on decentralized exchanges (DEXs) are among the top, with its short-term DEX performance leading most Layer 1 and Layer 2 networks. This suggests that real user activity and trading demand have not significantly shrunk due to price adjustments, and ecosystem activity remains high.

Ecosystem Enthusiasm Continues to Rise

The heat of the Solana ecosystem is validated from multiple dimensions. Meme coins like PENGUIN have seen a surge in popularity over the past few days, with 24-hour trading volume reaching $236 million, indicating that user engagement and trading enthusiasm have not waned. The continued ecosystem activity further reinforces the positive signals from stablecoin inflows.

Technical Analysis: Key Support and Rebound Targets

Market performance shows that SOL is currently trading at $123.72, oscillating within a critical technical zone.

Support and Resistance Battles

According to relevant information, after a phase of correction, SOL is now operating around an important technical support zone. Many analysts consider $119 to be a significant historical support level worth close attention. Holding this area may indicate a healthy correction, while breaking below could accelerate a decline.

On the upside, $130 is generally regarded as the next important resistance, with a higher target at $144 being the recent key resistance level.

Volume and Bull-Bear Battles

24-hour trading volume has significantly increased, indicating intensified battles between bulls and bears near the current price levels. Data shows open interest has surged above $8.8 billion, suggesting that bears currently dominate, but this also means that a breakout upward could generate considerable rebound strength.

Institutional Participation: Still Room for Growth

It is worth noting that the inflow of funds into Solana-related ETFs in the US market remains relatively low. Relevant data shows that the spot Solana ETF attracted a net inflow of $9.6 million, while the same period saw a net outflow of $1.33 billion from spot Bitcoin ETFs. This indicates limited institutional participation for now, which explains the cautious pace of SOL’s rebound.

However, from another perspective, once institutions start participating, the rebound potential could be further unlocked.

Confidence of Long-Term Holders Remains Steady

An often-overlooked but very important signal is that, despite the price retracement, staking activity on Solana has hit a new all-time high of 70%, with staked SOL valued at over $60 billion. This demonstrates that long-term holders’ confidence in Solana remains intact, actively voting with their holdings.

This aligns with recent comments from Armani Ferrante, CEO of Backpack, who emphasized Solana’s strategic shift—from NFTs and gaming to financial infrastructure—as a sign of maturity and a key direction for attracting institutional capital.

Key Variables for the Rebound

Based on quick analysis, whether SOL’s rebound can succeed depends on two variables continuing to extend upward: first, the sustained inflow of stablecoins and DEX activity; second, whether regulatory pressures and leverage liquidations have truly subsided.

Currently, the first variable has shown positive signals. In the context of easing regulatory pressures, on-chain capital and trading activity are more likely to dominate the price direction.

Summary

Solana faces a relatively clear rebound window. The $1.3 billion stablecoin net inflow, sustained ecosystem activity, and the confidence of long-term holders all lay a foundation for a rebound. On the technical side, $119 is a critical support level, with $130 as a near-term target.

The real variable is whether institutional funds will follow suit. Currently, ETF fund inflows remain relatively low, but once this gap is filled, SOL could gain stronger upward momentum. Until then, the continued stablecoin inflows and DEX activity will be key factors in determining whether the rebound can sustain.