After a strong recovery throughout the entire year, Solana ($SOL) is rapidly returning to the main stage of 'high-speed public chains'. The current price is stabilizing around $179, with bullish sentiment continuing to rise, and on-chain activity steadily increasing. If it can successfully hold above $180, challenging the historical high of $290 by the end of the year will no longer be a fantasy, but a market consensus.
Multiple favorable catalysts have fully restored market confidence
1. On-chain activity reaches new highs
Solana's on-chain transaction volume, NFT ecosystem, and DePIN segment continue to strengthen, with the daily average number of transactions exceeding that of Ethereum, firmly ranking among the most active public chains.
2. The US stock market is strongly linked to the on-chain ecosystem
Solana ecosystem projects frequently appear in mainstream financial media in the US, reigniting topic popularity through new hotspots like Meme, AI, and chain games, and the return of retail investors in the US brings natural benefits to SOL.
3. Institutional funds are clearly flowing back
Since the second quarter, well-known funds like Grayscale, Pantera, and Multicoin have continuously increased their holdings of SOL assets, viewing it as a 'highly elastic Ethereum backup', with a clear trend of capital inflow.
Technical aspect: The triple bottom structure is solid, with structural initiation evident.
The daily level triple bottom pattern is complete, with the $179~$180 range becoming a key support.
If it breaks through the resistance of $186~$190 in the short term, it will open up a continuation space of $220~$250.
The dual benefits of the year-end bull market time window and technical structure overlap, making the challenge of the historical high of $290 a strong logical closed loop.
Investment strategy recommendations
Short to medium term: Breakthrough $180 can be actively followed up, targeting the $220~$250 range.
Medium to long term: Taking July as a reference point, aiming for the previous high of $290, with potential upside exceeding 60%.
From the lowest point of $8 to the current $179, Solana has proven itself with actual performance. Now, with solid on-chain data, active ecosystem development, and strong capital inflow, $SOL is welcoming the second chapter of the bull market. Returning to the previous high in July is not a fantasy dream; Solana's surge path has already begun.
Officially started.
