Solana Dips 3% as New Chainlink-Powered Bridge Links Solana and Base Networks

The Solana price slipped about 3% in 24 hours to trade at $144 on a 10% drop in the daily trading volume to $5.97 billion

The surge in SOL comes as Solana and Coinbase’s Base network activate a new Chainlink-powered bridge designed to boost liquidity and simplify cross-chain movement. The connection utilizes Chainlink’s CCIP to bridge Solana’s non-EVM architecture with Base’s EVM environment, marking a significant technical milestone for both ecosystems.

The bridge is now live on mainnet, allowing developers and apps like Zora, Aerodrome, Virtuals, Flaunch, and Relay to integrate it immediately. With this upgrade, users can transfer SOL and Solana-based tokens to Base and trade them more easily across both networks. Base developers can also add native support for Solana’s SPL assets.

Solana holds around $9 billion in total value locked, while Base has $4.5 billion. Even with the milestone, SOL and LINK dipped about 3% on the day, reflecting broader altcoin weakness.

Solana Price Signals A Rebound, Can The Bulls Sustain The Bullish Turn

Solana dropped about 3% in the last 24 hours to trade around $138, with trading volume down 10% to $5.97 billion. Even with the decline, the chart suggests Solana may be starting a possible recovery after weeks of selling. The price recently bounced from the strong support zone at $120–$130, an area that has acted as a double-bottom, showing buyers are defending this level.

A rounded bottom is forming on the chart, hinting that selling pressure is slowing. The RSI is also rising from oversold levels, which often signals that momentum is beginning to shift back to the upside. This setup is similar to past reversal points where Solana later pushed higher.

SOLUSDT Chart Analysis Source: Tradingview

The next important resistance sits at $160–$170. Solana needs to break above this zone to confirm a stronger bullish trend. If that happens, the price could aim for the $200 area again. For now, the price is still below resistance, so buyers need more strength.

Fundamentals are improving as Solana and Coinbase’s Base network have launched a new Chainlink-powered bridge that boosts liquidity and cross-chain activity. While the news hasn’t lifted the price yet, it supports long-term growth and could attract more users.

If Solana holds above the $120–$130 support and continues building momentum, a full bullish reversal could form. But if it loses this support, the price may fall toward $110. For now, traders are watching for a move above $150 to confirm the upward trend.