Solana (SOL) recent rally driven by multiple factors. On the technical side, its price reached $141.66 on January 12, 2026, with a daily increase of 3.84%. Short-term support remains solid in the $130-$140 range, but a breakthrough of the $150-$160 resistance zone is needed to confirm a trend reversal. On the fundamental side, the Firedancer upgrade will boost TPS to millions, combined with the potential $10-15 billion trading volume of the USDT stablecoin on Western Union remittances, driving network liquidity growth. Institutional ETF capital inflows have accumulated to $4.76 billion, and the staking yield advantage attracts long-term capital. However, in the short term, caution is needed for spot capital outflows and macro market adjustment risks. If key moving averages are maintained, there is potential to challenge the $200 target.