The recent trend of $SOL SOL shows a fluctuating upward trend, with prices oscillating in the range of $140 to $170, demonstrating an astonishing recovery from the 2023 low ($8). From a technical perspective, after SOL broke the key resistance level of $160, it may stabilize or attempt to reach the $200 mark, but caution is needed regarding the risks triggered by a market correction in BTC.

Core support comes from technical upgrades in the Solana network: 1) Optimizing network congestion issues through the QUIC protocol, achieving a 99.8% normal operation rate by 2024; 2) Market reforms in fees effectively prevent bot attacks; 3) The Fire Dancer validator client test will boost TPS to the million-level. In terms of the ecosystem, DeFi locked assets exceed $5 billion (DefiLlama), and Jito's staking derivatives have sparked a liquidity staking craze, while projects like Pyth and Render continue to attract institutional funds.

Potential risks include: 1) Whether the US SEC will classify SOL under securities regulation; 2) If the Ethereum ETF is approved, it may divert funds; 3) The historical market confidence weakness caused by network outages. Currently, the market cap/ecosystem value ratio of SOL still holds an advantage, but attention should be paid to the overall impact of the June Federal Reserve meeting on the crypto market. $SOL