SOL

on-chain activity has increased in the last month, Fees + 16.7%, Revenue +15%, Active address +27.4%

From market data, the open interest has increased showing that many are opening positions in SOL, the Long/Short ratio is also above 1 indicating more long positions are being opened.

From a technical perspective, it seems to have rejected from the support area of $145, yesterday's candle closure formed an inverted hammer/harami which is a reversal candle, Expect to be able to test $180 again.