In the last 24 hours, Solana [#sol ] has seen explosive on-chain activity 💥#加密市场反弹
According to DefiLlama data, over 64.5 million transactions were completed in just one day, with 3.07 million active users returning to the chain, the excitement is off the charts 🔥#波段交易策略

This operation indicates that user participation is rapidly increasing, even though the market is currently on edge, interest in Solana is still ignited!

📉 But the price... hasn't kept up with the excitement.

Although on-chain activity has surged, the price of SOL has not risen in sync. CryptoQuant data shows that the spot trading volume of Solana has actually shown little improvement and has somewhat cooled down ❄️

What does this represent?
In simple terms—users are using it, but the money hasn't come in. Low trading volume indicates that investors are still watching from the sidelines, not rushing in just because the network is heating up 💰

📊 What do the technicals say?

The analysts' views are quite clear:
The on-chain excitement is a good thing, but if there is no technical support, the upward trend will have to wait.

Currently, the SOL price is stuck below the key resistance level of $180, and is still in a short-term consolidation.
It is also important to note that a 'head and shoulders' pattern may be forming on the daily chart—if the bulls do not act quickly, SOL may turn down, potentially dropping to $106 😬

🚪 $180 is the 'critical point' for a breakthrough!

If it can strongly break through $180, that would be a significant bullish signal technically, indicating that the head and shoulders pattern has been broken, and the path for a rebound is likely to open!

Conversely, if it struggles to push up, even if the on-chain activity continues to be hot, the market may not buy into it too much, and people will see this wave as a 'flash in the pan' 🌸 rather than the prelude to a bull market.

✅ Let's summarize:

  • The Solana network is very active right now, with a noticeable resurgence in excitement.

  • But the price and trading volume haven't kept up, it's a bit 'loud thunder but little rain'.

  • $180 is the key price point; only a breakthrough could lead to a real rebound.

  • Otherwise, the price may continue to decline, potentially dropping to $106.

📢 To put it bluntly, while the on-chain activity is bustling, the money hasn't followed.

But if you are optimistic about Solana in the long term, now is the time to pay close attention to the technicals, as opportunities may be hidden at this key juncture 👀💡

What do you think about this move by Solana?
Is it the prelude to a return of the bull market, or just a brief surge of excitement?
Feel free to leave a comment and chat below 👇📩

DYOR, manage your risks well, and may everyone set sail in the crypto world! 🌊

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