The recent trend of SOL (Solana) shows a pattern of bullish and bearish struggles. From a technical perspective, the price is fluctuating in the range of $120-$150, with the MACD indicator flat, indicating insufficient momentum. If the key resistance level of $150 is broken, it may open up upward space; conversely, if it loses the support level of $120, it may test the psychological level of $100. On-chain data shows that whale addresses are continuously increasing their holdings, but the shadow of FTX liquidation still looms (approximately $320 million worth of SOL awaiting unlock). In the short term, it is greatly affected by BTC fluctuations, and it is recommended to watch for a breakout direction. In the medium to long term, the recovery of Solana's ecosystem TVL and institutional collaborations (such as Visa's expansion pilot) may provide fundamental support.