Recently, Solana (SOL) price has risen significantly, attracting market attention. However, the current market sentiment has become overly exuberant, and the buying power may have been exhausted. In this situation, there is insufficient momentum for SOL to continue rising, which may instead trigger a pullback, leading to a price correction.

Analysis shows that the SOL price may face resistance in the range of 1185-1190 USD. Investors may consider waiting or looking for shorting opportunities in this range. If a pullback occurs, the price may drop to the range of 170-150 USD.

It is worth noting that the current cryptocurrency market is showing an overall pullback trend, and the phenomenon of mainstream coins taking turns to rise is also noteworthy. In such a market environment, investors need to remain vigilant, closely follow market movements, and manage risks appropriately.

Although SOL may face pullback pressure in the short term, the development of the Solana ecosystem is still worth looking forward to in the long run. Investors should formulate appropriate trading strategies based on their own risk tolerance and investment objectives.