Recently, one of the focal points in the crypto assets market, Solana ( SOL ), is facing a challenge at the key resistance level of $239. Market observers have noted that a large investor transferred approximately $23.6 million worth of SOL to the OKX exchange, raising concerns among investors about potential short-term selling pressure.

However, the attitude of institutional investors seems to remain unaffected. Renowned investment firms Pantera Capital and FalconX continue to maintain their confidence in Solana, with Pantera Capital holding SOL positions worth up to $1.1 billion, demonstrating strong institutional support.

Currently, the trading price of SOL hovers around $236, having achieved a 30% increase over the past month. Technical analysis indicates that if SOL can break through the resistance level of $240, the next target price may rise to $250. Conversely, if the price falls below the support level of $230, it may further dip to the range of $217 or even $200.

Despite potential fluctuations in the short term, the continued support from institutional investors may suggest the long-term development potential of the Solana ecosystem. While investors pay attention to price trends, they should also closely monitor Solana's progress in technological innovation and the expansion of application scenarios to comprehensively assess its investment value.