#美联储重启降息步伐 $SOL surged nearly 20% in half an hour—this move came fast and fierce.

The price shot up from around $123 directly to $146.87, with a concentrated buying spree. Now it has pulled back to the $141 range and is consolidating sideways, which is technically a normal breather. It's still above the short-term moving averages, and the structure remains relatively stable for now.

What about volume? It spiked noticeably during the rally, indicating that capital is following the momentum. Although volume has tapered off a bit after the surge, the key is that there's no significant sell-off—there’s no sign of that yet. The MACD is also strengthening quickly along with the price. The next thing to watch is whether it can maintain momentum during consolidation and not drop below the zero line.

On-chain data reveals some signals:

The ecosystem side is still active. Gas consumption remains high, and the hype around NFT and DeFi projects hasn't cooled off. This shows the fundamentals are providing support.

Whale activity is also interesting—in the $130 to $140 range, large players were adding to their positions, but they didn't rush to sell after the price spiked. What does this mean? They're still waiting for the next move in the market.

Capital rotation is worth noting as well. Recently, some funds have shifted from $BTC and $ETH into the public chain sector, and $SOL has captured this wave of hot money.

It's a critical point now. Either the price will continue to push higher, or it will reverse and fall back—depending on whether volume can keep up.

Should you buy the dip or take profits now? That's the question.