Solana (SOL) has performed excellently recently, with the current trading price reaching $438.6, rebounding about 14.7% from a low of $382.3 a week ago. In the past 24 hours, SOL recorded a rise of 3.2%, indicating a significant increase in market activity. This surge is not coincidental, but rather the result of multiple factors working together.

In terms of capital flow, the net buying amount of SOL on major cryptocurrency exchanges reached $120 million in the past 72 hours, an increase of 45% compared to the same period last week. Notably, the proportion of large transactions (single transactions exceeding $1 million) has risen to 32%, indicating that professional investors' confidence in the short-term prospects of SOL is strengthening.

On-chain data also reflects positive signals. The number of medium-sized investors holding between 1,000 and 10,000 SOL increased by 28 over the past week, with their total holdings rising by 5.3% compared to before. This trend indicates that medium-sized investors are steadily increasing their positions in SOL.

From a technical perspective, SOL's recent low of $382.3 has precisely touched the previous high volume area ($375-$390), while also forming dual support with the 50-day moving average ($380.5), indicating that this price range has strong market consensus. During the rebound, after SOL broke through the resistance level of $420, it did not encounter significant selling pressure, further solidifying its pump trend.

The resurgence of activity in the Solana ecosystem has also provided support for the price of SOL. With the continuous emergence of new applications and an increase in user activity, the transaction volume and participation in the Solana network are showing a rising trend. This prosperous development of the ecosystem provides a solid foundation for the long-term value of SOL.

Although SOL has performed strongly in the short term, investors should remain cautious. The cryptocurrency market is highly volatile, and prices can change dramatically. It is recommended that investors fully understand the associated risks and conduct a comprehensive market analysis before making any investment decisions.