Solana’s Supply Shifts Signal Potential Upside Momentum

Solana’s (SOL) on-chain flows are signaling a notable supply shift as the cryptocurrency hovers near its $120 support zone. While this structural advantage holds promise, active market participation is needed to translate this strength into sustained upside movement. recent data suggests a significant influx of USDC into the Solana ecosystem, with $2.12 billion flowing into Binance while $1.11 billion SOL exited. This bullish structure, visible in the interplay of stablecoin inflows and native token outflows, reinforces the potential for support around the $120 level.