Solana (SOL) has seen over $100 million bridged into its network in the past week, including $70 million from Ethereum, reflecting increased adoption and investor confidence. Despite this influx, Solana's daily transactions and active addresses remained stable, and its TVL increased, but a decline in fees led to lower blockchain revenue.

SOL's price fell over 7% in the past week, with an additional 3% decline in the last 24 hours, trading at $144.03. Despite this, trading volume surged by 40%, hinting at continued bearish pressure. However, investor sentiment improved, suggesting a rise in bullish confidence.

Technical indicators, including a downtrend in the RSI, suggest a bearish outlook for SOL. Analysts predict the token could drop to $127 soon, despite the rise in positive sentiment among investors.