Solana (SOL) has shown impressive performance recently, with the price soaring to $197, a rise of 15.4% within 24 hours. This upward trend has allowed SOL to successfully break through the important psychological barrier of $200, attracting widespread attention in the market. Investors are now focusing on the high point of $206.32 reached in July, and whether it can break through has become a hot topic of discussion in the market.

Technical analysis shows that SOL maintains strong momentum in the short term, but investors should also be cautious of potential risks. The market support level is around $195.26, and if it falls below this level, it may further decline to the range of $187.71-184.67. On the other hand, $206.32 constitutes the current main resistance, and if it can break through, the next target range may be $210-222.

Positive factors driving the rise of SOL include the upcoming Alpenglow upgrade set to be implemented in the fourth quarter, which is expected to increase transaction processing speed (TPS) to 10,000. At the same time, the increased holdings by institutional investors such as BitMine, as well as the market's hype around cryptocurrency ETFs, also provide support for SOL.

However, there are also risks in the market that cannot be ignored. Data shows that large holders (commonly known as 'whales') have recently transferred 226,000 SOL to exchanges, while Alameda Research is about to unlock a position of SOL worth 35 million dollars. These factors may create some selling pressure in the short term.

For investors, if SOL can steadily stay above $200, it may be considered to build positions in batches, with a target range set at $206-210. However, if the price drops below the support level of $195, it could retrace to the $180-185 area, at which point it is advisable to patiently wait for a lower entry opportunity.

Overall, SOL is currently in a critical price range, with both opportunities and risks. Investors need to closely follow market trends and make informed decisions based on their own risk tolerance.