$SOL

SOL’s recent dip may reflect short-term profit-taking or market volatility, but several factors could drive further upside. Growing adoption of Solana’s high-speed, low-cost blockchain for DeFi, NFTs, and Web3 projects enhances demand. Network upgrades like Firedancer, aiming to boost scalability, could strengthen investor confidence. Rising Total Value Locked (TVL) in Solana-based protocols signals ecosystem growth. Positive Bitcoin trends often lift altcoins, including SOL. Institutional interest, strategic partnerships (e.g., Visa integration trials), and meme coin activity on Solana may spur momentum. Additionally, SOL’s deflationary tokenomics post-FTX sell-off and improving market sentiment amid macroeconomic stability could support a rebound. Watch for technical resilience above key support levels for bullish confirmation.