Solana rebounded from a low of $145, but behind this rally lurks hidden danger—liquidation scale approaching $350 million. Many in the market overlook a fact: SOL's fundamentals are actually quite solid, with $15 billion in stablecoins accumulated within its ecosystem, plus $1 billion worth of tokenized physical assets. These are all real on-chain activities. However, this is not enough to dispel current uncertainties. The technical signals are contradictory; volatility has clearly increased, and investors' panic sentiment has been further amplified by repeated liquidation events. The entire crypto market now feels like a roller coaster, with large fluctuations becoming the norm, and no one knows what the next move will be.

Volume is back on Solana, but still without an edge, getting in near the top is standard.