SOL Price Outlook & Blockchain Flows: Base Leads, Solana Resilient

• Base leads blockchain net flows, surpassing Solana despite market uncertainty.
• Solana’s price declines, facing key resistance at $184 and support at $165-$168.
• Technical indicators signal bearish pressure, but RSI nears oversold territory.

Capital movement across blockchain networks is always a key sign for judging investor confidence and network activity. Looking at the last week, Base blockchain came out on top for positive net flow, doing better than all other chains. 

Solana was right behind, taking second place even with ongoing worries about its network stability. 

Base and Solana Dominate Blockchain Net Inflows

Bitcoin, Ethereum, and Arbitrum also saw positive net flows, though not as much. On the other hand, Polygon PoS, Sui, and StarkNet had minor inflows, while Avalanche C-Chain and OP Mainnet experienced significant outflows. 

Notably, OP Mainnet had the biggest capital outflow, showing weaker investor sentiment towards that chain.

Base Overtakes Solana in Capital…

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