Over the past month, crypto investors have bridged more than $120 million in liquidity to Solana from competing blockchains, indicating renewed confidence in the network. Major sources of this influx include $41.5 million from Ethereum and $37.3 million from Arbitrum. However, despite the liquidity surge, technical indicators suggest that the price of SOL may struggle to maintain its recent gains. Currently priced below $140, SOL faces resistance from the 50-day exponential moving average. Further analysis points to bearish trends, with recent divergences in the price and RSI indicator signaling potential declines. The $130 level has emerged as a critical support, having seen significant buying activity, while key resistance might occur at $144. Overall, while the influx of liquidity is promising, the prevailing technical signals pose challenges for SOL's price performance in the near future.

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