As of the evening of January 9th, Solana's performance has been quite good. SOL is priced at $138.24, up 1.52% in the past 24 hours, fluctuating between $132.50 and $141.18. Its total market capitalization is around $86.13 billion, maintaining the 5th position in the cryptocurrency market cap ranking. The 24-hour trading volume reached $12.16 billion.

From on-chain data, there are 623 million SOL in circulation, with no maximum supply limit currently set.

How is the market moving? Basically, it's in a narrow range of fluctuation. In the early morning, it dipped near $132.50, then rebounded, with the highest point reaching $141.18 during the session. Currently, it is moving back and forth between $138 and $139. Overall, it remains in a relatively strong state.

What factors are influencing it? On one hand, the activity of Meme coins within the Solana ecosystem is quite high, which adds to the overall ecosystem's heat and has attracted a lot of capital inflow. On the other hand, expectations of high interest rates in the US are still present, which suppresses risk assets, making institutional investors somewhat cautious.

From a technical perspective, the support levels are at $136-$137 and $132-$133; resistance levels are at $140-$141, with further resistance at $143-$144.

For short-term traders, this kind of oscillating pattern is suitable for range trading. When approaching support levels, you can try a small long position; once it hits resistance, reduce your position. Never chase the high. Remember to control your position size and set stop-losses below $136 for safety, so you can exit promptly if there are any macroeconomic shocks.