The current price of $SOL tokens fluctuates between 167 and 192 USD, rebounding about 40% from the low point at the beginning of the year, but still not breaking the historical high of 294 USD. In the short term, the price is under pressure due to the token unlocking pressure with 600 million USD being released in June and the controversy over the maximum extractable value (MEV), leading some analysts to believe it may test the support level of 142 USD. The technical indicators show a battle between the rising 50-day moving average and the declining 200-day moving average, while the RSI indicator is in the oversold region, suggesting there may be a rebound opportunity in the short term.

In terms of ecology, Solana maintains its competitiveness with 65,000 TPS performance, and the DEX trading volume has surpassed 94.8 billion USD in 30 days, exceeding Ethereum, with a TVL of 11 billion USD, ranking second among public chains. However, developers face challenges regarding network stability, as issues from the 2022 outage still impact institutional confidence. The Firedancer upgrade plan aims to shorten confirmation times to 1 millisecond using dynamic sharding technology, which, if successful, could push market capitalization to challenge Ethereum's position.

Long-term development depends on three major variables: first, regulatory policies, as the SEC's classification of cryptocurrencies will directly impact the ETF approval process. If spot ETFs applied for by institutions like VanEck are approved, it could trigger billions of dollars in capital inflows; second, breakthroughs in ecological applications, as DeFi protocols like Raydium and NFT platforms need to achieve significant user growth, targeting over 100 million active users by 2030; third, technological competition, as Ethereum Layer 2 scaling and innovations from other public chains like Avalanche may siphon market share, requiring Solana to continuously optimize node maintenance costs.

On the risk side, the token unlocking wave from June to August may suppress upward movement, and the current annualized staking yield of 5.2% is below that of some DApps' stablecoin yields. The MEV problem leads to an imbalance in validator incentives, exacerbating market speculation. Institutions recommend controlling the allocation ratio within 15%-20% of crypto portfolios, focusing on cross-chain application progress and quarterly on-chain data. Extreme predictions suggest that if there is a revolutionary breakthrough in technology, such as the popularization of Web3 payment scenarios, prices could reach 2000 USD by 2030, but caution is needed against regulatory tightening or network collapse black swan events.

The market continues to change, and we closely monitor it to seize new entry opportunities. Like + comment, let's navigate the bull market and seize this major opportunity together. $ETH #加密市场回调 #美国加征关税