Recently, Solana (SOL) has shown a significant W-bottom pattern on the weekly chart, with a strong upward momentum and sustained bullish energy. The overall market performance demonstrates a steady upward trend.

This wave of rising momentum is strongly supported by on-chain data, with funds clearly flowing into the Solana ecosystem. Notably, the activity of meme coin projects within the ecosystem has significantly increased, indicating that this round of price increase is backed by structural support from technical aspects as well as the driving force of investor sentiment.

From a trading strategy perspective, it may be worth considering a bullish mindset at present. A pullback may occur in the $195-$200 range, which could present a better buying opportunity. In the short term, the $230-$240 range can be seen as a potential target price. However, investors should carefully manage their trading pace to avoid excessive chasing of highs.

In such a strong market, following the trend is usually a wise choice. Attempting to go against the trend may pose significant risks. It is worth mentioning that some market participants believe this may signify an overall recovery in the altcoin market, but investors should remain vigilant and carefully assess the fundamentals of each project.