SOL is currently trading around $138, with a total market cap breaking through the $78 billion mark, firmly holding the sixth position among crypto assets. There are numerous drivers behind this rally—institutional investors' ETF holdings have accumulated net inflows exceeding $760 million, the RWA ecosystem's total value locked has reached new highs, and most importantly, a leading DEX's trading volume surged to $1.7 trillion last year, demonstrating strong ecosystem vitality.

From a technical perspective, there is considerable confidence. The network has had no major outages in the past nearly 700 days, showing solid stability. However, historical memories of network downtime still linger, and the decline in validator numbers presents potential risks.

Looking at price action, the $120-$115 range represents solid support; a breakdown could test lower levels. On the upside, the $155-$160 range is a critical resistance for a potential reversal. If this breakthrough materializes, there's potential to challenge $200. In the near term, consolidation within a certain range is expected, and patience awaits a confirmed breakout signal.