SOL recently adjusted, can the 134 level hold firm? That's a good question. Let's look at both the news and technical sides simultaneously, and get to the bottom of this.

**On the news side, it's interesting**

Meme coins across the Solana ecosystem have indeed cooled down somewhat, and market temperature has dropped. But look again—WhiteWhale, this leading project, managed to rally 18% against the trend, with market cap breaking through $100 million. What does this mean? Funds haven't completely fled; they're just reallocating across tracks and targets. Strong projects still attract capital. In short, the market has gotten pickier, but money-making opportunities remain.

As a Layer-1 leader, SOL's fundamental value and ecosystem application depth are actually getting re-evaluated in this phase. Overall, despite short-term fluctuations in the ecosystem, internal activity and capital enthusiasm remain solid—this is SOL's core foundation. It's not a signal of wholesale retreat.

**On the technical side, the defense level is critical**

The Bollinger Bands at this position show it clearly—the key support level is very solid. Technical indicators are also accumulating energy, which is a detail worth noting.

Short-term volatility is inevitable, but looking at it from both news and technical angles combined, SOL still has the momentum to continue.