SOL's current trend is quite interesting. The price is stuck around the middle Bollinger Band at approximately $125.30, with the upper band still expanding, which is a good sign. From a technical perspective, the bullish signs are quite clear — the upward momentum is evident.

More importantly, the fundamentals are also supporting this. Spot ETF purchases continue, with $765 million bought in just the past few days. This is not a small amount, indicating that institutions remain optimistic about SOL. Looking at the trading volume, with $1.464 billion traded in 24 hours, it reflects that market enthusiasm is indeed heating up, with both retail and institutional investors pouring in.

From an operational standpoint, following the trend and going long is a relatively safe choice. If the price pulls back to $124.2, consider setting a stop-loss, with an eye on the $131.8 level above. Entering at this point in time, the timing is quite good.