Solana's recent performance can be described as "steady yet fierce." It has been the highest trading volume among all decentralized exchange chains (DEX chains) for 16 consecutive weeks, with trading volume even twice that of Ethereum. Since the beginning of this year, funds have continuously flowed into Solana, with a total amount exceeding 634 million USD, indicating that more and more users and projects are migrating to the Solana ecosystem.

This enthusiasm continues. Coinbase has just launched its own Solana DEX trading platform, allowing users to directly swap SOL and USDC on-chain, which is expected to further boost Solana's trading volume and benefit the ecosystem.

On the institutional side, Solana-related ETFs have also performed well, with continuous capital inflows for several days, and the market sentiment is generally bullish. Some analysts even believe that SOL has the opportunity to challenge 400 USD in the future (of course, this is a relatively optimistic expectation).

In terms of price trends, SOL has recently been pressured by the resistance level of 144 USD, with multiple attempts to break through failing. If it still cannot break through in the short term, the price may see a correction before Christmas, and then look for opportunities to challenge higher levels.

Currently, the most critical factor is a "demand support zone" on the chart.

If SOL can hold this area → the bullish trend can continue

If it breaks below this support → the current upward structure may fail, and short-term trends may weaken

In simple terms: Solana's fundamentals are strong, with continuous capital inflows, but whether it can continue to rise in the short term depends on whether it can hold important support before challenging the resistance level of 144 USD.