#数字货币市场洞察 $SOL violently surged from $123 to around $146.87 within half an hour—a nearly 20% increase, with whale addresses continuing to accumulate behind the rally.

After this sharp rise, the price is currently fluctuating repeatedly around $141. The question is: is this a consolidation before another push, or a bull trap at the top?

Let’s look at the technicals first.

Short-term moving averages have been firmly overtaken by the price, and the rally was accompanied by significant volume, indicating concentrated buying. Although trading volume has contracted somewhat after the surge, there’s been no sign of panic selling. The MACD is rapidly strengthening—whether it can hold above the zero line during consolidation will determine if the bullish momentum is truly strong.

Now for on-chain activity.

Gas consumption remains high, and activity in NFT and DeFi projects hasn’t dropped. More notably, on-chain monitoring shows that large funds that built positions in the $130–$140 range haven’t rushed to exit; instead, they’re showing a clear willingness to hold. Additionally, there are signs that capital has been flowing from $BTC and $ETH into public chain sectors, and SOL has just caught this wave of rotational hype.

That said, we’re now in a period of range-bound adjustment. Further upward moves require sustained volume; if heavy selling emerges, the trend could instantly reverse.

Will you choose to buy the dip during a pullback, or wait on the sidelines until the direction becomes clear?