Solana's market value exceeds 100 billion yuan. Is it expected to challenge the historical high after breaking through the neckline?

The U.S. stock market saw a slight increase yesterday (7/21), driven by Alphabet and other large tech stocks, with the S&P 500 and Nasdaq both reaching new all-time closing highs. Bitcoin dropped from 119K, and Ethereum declined from its recent high of 3,860. Solana (SOL) surged over 9%, breaking through the $1 billion market cap threshold. SOL broke through the key resistance level of $180-190, benefiting from ETF funds, institutional adoption, and DeFi recovery, potentially challenging the early-year high of $295. Tesla (TSLA) and Alphabet (GOOG) will kick off the tech stock earnings season this week. Investors are focusing on the latest artificial intelligence spending, with risks rising again. U.S. Treasury yields were mainly driven by long-term bonds, with the 30-year bond yield dropping 4 basis points to 4.95%. The U.S. dollar declined. The yen rose as the Japanese Prime Minister Shigeru Ishiba stated he would continue to lead despite the ruling coalition losing its majority in the Senate election. Investors are also closely watching tariff news. White House Press Secretary Karoline Leavitt stated that President Trump might issue more unilateral tariff letters before August 1st, potentially reaching more trade agreements before the deadline. Yesterday, Solana (SOL) surged over 9%, breaking the $1 billion market cap threshold. The U.S.-listed company Mercurity Fintech Holding (NASDAQ: MFH) announced a $200 million equity loan agreement with a company called Solana Ventures Ltd., initiating a new treasury strategy centered on Solana, including holding, staking, node operations, and investing in Solana ecosystem projects. SOL broke through the key resistance level of $180-190, benefiting from ETF funds, institutional adoption, and DeFi recovery, potentially challenging the early-year high of $295. Risk Warning: Cryptocurrency investments carry high risks, with potentially significant price volatility. You may lose your entire principal. Please carefully assess the risks.