The recent rebound of SOL has indeed been quite strong — the volume surged by 60% to 5.5 billion dollars, and the coin price was pumped from a low of 150 dollars to 168 dollars, with a 24-hour rise of 6.4%.

From a technical perspective, the ascending triangle formed on the daily chart does indeed have the momentum to break out. Analyst Hardy pointed out that if SOL holds steady at the key resistance of 167, it may push towards 184. On-chain data is also quite optimistic — the area around 147.49 is the largest buying zone, becoming an important support.

The Bollinger Bands indicate that SOL has rebounded from the lower band back to near the middle line, and the RSI has also come out of the oversold zone, leaving room for upward movement. If the upper band at 181 is effectively broken, 200 is within sight.

By the way, SOL has recently surpassed ETH and BNB in DEX volume and staking activities, and the ecosystem's heat has clearly intensified. There is also quite a bit of fundamental support behind this wave of market activity.