Solana Price Targets $178 After $314 Million in Assets Bridged from Ethereum

• Key Inflow Metrics:

  • $314 million bridged to Solana from Ethereum

  • 463% more than Ethereum Layer 2 transfers

  • Boosts Solana’s liquidity and TVL

The volume is being interpreted by many as a sign of Solana’s growing dominance in the space and sparking conversations of a “flippening” of Ethereum. As more assets move to Solana’s network investor confidence is rising and many are expecting SOL to go up.

Solana’s Path to $178: Technical Indicators Show Promise

Solana’s price is looking bullish. With increased investor confidence analysts are saying Solana is heading to $178 in the short term. The technicals are supporting this view. If Solana breaks its 20 day exponential moving average (EMA) the selling pressure will ease and it can climb to its 50 day simple moving average (SMA).

But there’s resistance at $178. If SOL breaks this resistance it can trigger more upside. If it falls below $120 it can correct down to $110 or $90.

• Solana Price Scenarios:

  • Break through $120: Bullish momentum toward $178

  • Fall below $120: Correction toward $110-$90

In the longer term, Solana’s chart shows the potential for a cup-and-handle pattern, which, if confirmed, could drive the price to as high as $3,800. This long-term target depends on the successful breakout of key resistance levels.

Solana’s Growing Ecosystem and Investor Sentiment

Solana’s performance and the recent bridged assets is making investors wait with bated breath for more. The activity on the network including the recent 5th anniversary celebrations is adding to the positive vibes around the chain. Despite the setbacks like SIMD-0228 proposal failure, the quick decision making in the Solana community is seen as a silver lining.

With increased investor interest Solana is looking good for short term gains but market watchers will be cautious and will be watching key levels and broader market conditions to see if this rally is sustainable.