On May 5, 2025, the price of Solana (SOL) fluctuated in the range of $145.38-$148.06, dropping about 0.9%-1.54% within 24 hours, reflecting a cautious short-term market sentiment. The current market capitalization is approximately $75.34-$99.46 billion, ranking sixth in the cryptocurrency market, with a 24-hour trading volume reaching $1.55-$400 million, showing a slight decrease in market activity. From a technical perspective, the SOL price is consolidating in the $140-$150 range, with the 50-day SMA showing a downward trend, indicating a weak short-term trend, while the 200-day SMA continues to rise, suggesting long-term bullish potential. The RSI is around 52-57.62, within a neutral range, indicating that the market is not overheated and has room for upward movement. Key support is at $140; if it breaks, it may test $130-$136; resistance is at $150-$160, with a breakthrough or challenge at $175. On the fundamental side, Solana continues to attract DeFi and NFT projects due to its high throughput (up to 70,000 TPS) and low transaction fees, with recent on-chain stablecoin issuance reaching $13 billion, setting a historical high. The approval of the SOL ETF in Canada further enhances institutional interest. However, network stability issues and the aftermath of the FTX collapse remain potential risks. Sentiment on platform X shows that some analysts are optimistic about SOL breaking $200, but caution is needed for short-term pullback pressure. Although SOL's recent performance is not as strong as the overall market, its long-term potential is favored. Investors should look for buying opportunities at the $140 support level while guarding against market volatility risks.