Recently, Trump's encryption-related legislation has become the focus of the market and may have a significant impact on Solana(SOL). It is reported that the relevant policies will be officially announced on the 16th, which could trigger market fluctuations at the level of hundreds of billions of dollars.

The current performance of the SOL market appears slightly weak, with the latest trading price at 155.63 USD, down 0.54%. From a technical perspective, the MACD indicator shows a DIF of 2.14, a DEA of 1.65, and a MACD histogram of 0.98. Although it still maintains a bullish pattern, the momentum signals are not strong.

The KDJ indicator is more concerning, with the K value reaching 80.59 and the J value soaring to 88.58, both entering the overbought zone, which means the market may experience a pullback or consolidation at any time.

Short-term trends show that SOL has been fluctuating between $140 and $187 recently, lacking a clear direction. Today's market may continue to maintain a consolidation state. If the price can hold the support level at $155 or break through $160, it is likely to test the resistance level at $180; however, if it falls below $150, it may quickly drop to around $140.

In terms of trading volume, the current scale of 1.38 million is not small, but it lacks sustainability, indicating that market participants are mostly short-term traders. Investors should remain cautious and avoid blindly chasing high prices, and it is advisable to take a wait-and-see attitude for a true breakout signal. The current market lacks obvious momentum, and investors need to closely monitor SEC regulatory trends or the actions of large institutional investors, as these factors may become key catalysts for future price movements.

The current crypto market is at a critical moment, with changes in policy and fundamentals potentially bringing a new round of opportunities and challenges. Rational analysis and patient waiting may be the best strategy at this time.