SOL is currently trading around $136. This price level, when compared to past trends, shows that $100 indeed constitutes the core holding cost zone for many institutions. The recent upward push in the price is mainly driven by several factors: first, the anticipation of spot ETF approval is still fermenting; second, on-chain ecosystem data is indeed improving—RWA sector enthusiasm remains high, stablecoin inflows are increasing, and DeFi lock-up positions are slowly recovering. All these factors have attracted significant institutional funds.

From a technical perspective, the medium-term moving averages are clearly in a bullish alignment, and the RSI indicator has not yet entered the overbought zone, indicating that there is still room for a short-term rebound. Resistance levels to watch are around $143-$150. However, don’t get too optimistic, as there are also many risks—if regulatory policies tighten, competition among Ethereum Layer 2 solutions intensifies, or macro sentiment suddenly cools, SOL could face a pullback. If it indeed drops toward $100, that could be an opportunity to accumulate in stages, but stop-loss should be set at $95 to guard against black swan events.