Solana (SOL) recent price trends have attracted attention. Although it has fallen 6% in the last 24 hours, the volume has not increased significantly, which may indicate that the market is undergoing a round of consolidation in preparation for future upward movement.

From a technical perspective, $179 is an important support level. According to data from Solscan and Santiment, about 43% of holding addresses have their cost price concentrated at this level, forming a solid historical bottom support. In terms of technical indicators, although the MACD shows a death cross, bearish strength is weakening; the KDJ indicator has entered the oversold area, and historical data shows that the probability of a rebound in this situation exceeds 70%; the 5-day and 10-day moving averages are converging, indicating intense market competition in the short term, but the long-term trend has not yet been broken.

On the news front, there are several positive factors worth noting. Federal Reserve's potential next chair Waller has an open attitude towards digital assets, hinting at possible exploration of tokenization and smart contract technology. In Hong Kong, the new stablecoin regulatory policy requires 100% collateral and quarterly audits, which may make Solana the preferred public chain for institutional investors. Moreover, BlackRock and Fidelity are issuing tokenized government bonds through Solana, with the scale of physical assets (RWA) exceeding 50 billion USD. At the same time, the meme coin craze on Solana continues, with an average of 10 new projects added daily, attracting over 1 billion USD in funds, further increasing the demand for SOL.

For investment strategies, aggressive investors may consider buying in batches within the range of 179-183 USD, setting the stop-loss at 175 USD, with a target price of 200-235 USD. More conservative investors can wait for the price to break above 190 USD before following in, with a target price above 200 USD. It is important to note that if the price falls below 175 USD, it may retrace to the 140-145 USD range, but the probability of this happening is relatively low.

Overall, SOL currently integrates favorable policies, ecological development, and technical support. The $179 level serves as a cost-intensive zone for institutional investors, and the likelihood of breaking below it is low. After a short-term fluctuation, SOL may initiate a new round of upward movement, theoretically even aiming for a target of $295. However, investors still need to be cautious, closely monitor market dynamics, and manage risks effectively.