Solana (SOL) is currently at a key price level, with $230 becoming a battleground for both bulls and bears. Earlier today, SOL once climbed to a high of $240.18, followed by a pullback. Currently, a short-term support level has formed around $230.35, while the price hovers around $232.41.

From a technical analysis perspective, the trend in the next 1-2 hours will be crucial. If SOL can firmly stand above the $234 level, the bulls may regain control, with the potential to further challenge the previous resistance level of $240. If this level is broken, the next target range may be $245 to $250.

However, market risks still exist. If the SOL price breaks below the key support level of $230 on the 4-hour chart, bears may gain the upper hand. In this case, we might see the price seeking new support to the downside, potentially testing levels around $220.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should remain vigilant and closely monitor market trends. In addition, global macroeconomic factors, changes in regulatory policies, and the overall development of the cryptocurrency ecosystem may all impact the price trends of SOL.

At this critical moment, both traders and long-term investors should make informed decisions based on their risk tolerance and investment strategies. At the same time, continuously paying attention to the technological advancements and application developments within the Solana ecosystem will also help to more comprehensively evaluate the long-term value of SOL.