Solana (SOL) has recently performed impressively in the Crypto Assets market, but there is still uncertainty about whether its pump momentum can be sustained. Although SOL has successfully turned the $180 level into a support level, market analysts warn that this level may be difficult to maintain in the long term.

The current Crypto Assets market is facing multiple pressures. The potential selling pressure of Bitcoin (BTC), coupled with the relatively weak buying interest in Solana, may lead to a correction in the recent pump of SOL. However, from a technical perspective, the daily chart of SOL still shows a bullish structure, which provides some confidence for the bulls.

It is worth noting that on August 21, there was a large-scale whale activity within the Solana ecosystem, with approximately 60,000 SOL (worth 11.23 million USD) being accumulated by large holders. This move, combined with futures market data, seems to suggest that SOL may maintain a positive trend in the short term. In the long run, Solana's high throughput characteristics continue to attract the attention of institutional investors.

Meanwhile, the trend of Bitcoin still has a significant impact on the entire Crypto Assets market. The current trading price of BTC is slightly above the key support level of $112,400, and the market generally believes that if BTC can halt its pullback trend, it will benefit the performance of other Crypto Assets including SOL. However, Ark 21Shares recently sold $64.4 million worth of Bitcoin, a move that raised concerns in the market about potential selling pressure.

From a technical analysis perspective, SOL is currently in a fluctuation range between $155.8 and $206.3. A breakout from either end of this range may trigger a new round of trends. It is worth mentioning that the $180 level has transformed from a resistance level in May to the current support level, which has positive implications for SOL's short-term trend.

Although the overall market structure is currently leaning towards a bullish trend, the uncertainty of trading volume remains a factor that investors need to closely monitor. In the current complex market environment, investors should stay vigilant, keep a close eye on market movements, and implement effective risk management.