Recently, the price movement of Solana (SOL) has drawn my high attention. A month ago, when SOL was still hovering around $180, I noticed some unusual on-chain activities. Data shows that the volume of transactions from large institutional wallets doubled for three consecutive days, and a well-known encryption fund publicly announced an increase of $230 million in SOL. At the same time, the Lock-up Position in the DeFi ecosystem surged by 15% in one day. These signs all indicate that we may be facing an important pump trend, rather than just a temporary Rebound.

Based on these observations, I recommend a few friends who closely follow the cryptocurrency market to consider investing in SOL. However, making investment decisions is not easy, especially during market fluctuations. One friend, after buying in at $192, began to waver after just three days. When SOL pulled back to $185, he considered selling to avoid potential further declines. We had an in-depth discussion, analyzing several factors: ongoing institutional buying, technical analysis of $180 as a strong support level, the golden cross formation of the daily MACD indicator, and stable volume. These factors all support the decision to continue holding.

It has been proven that maintaining patience is a wise move. At the beginning of this week, SOL's performance was remarkable. It broke through the $200 mark at the opening on Monday, and then further climbed to $218, driven by the strength of U.S. tech stocks. The rise on Tuesday was even more astonishing, breaking through the key resistance level of $225 in the morning and reaching a high of $228.6.

This series of events highlights the high volatility and potential returns of the cryptocurrency market. However, it also reminds us that when making investment decisions, it is essential to consider multiple factors comprehensively, including on-chain data, technical analysis, market sentiment, and the macroeconomic environment. At the same time, maintaining calm and a long-term perspective is crucial for success in this rapidly changing market.