*SOL struggling to break resistance - can it really hit $200?
Been watching Solana's price action and honestly, it's not looking great right now...
Got rejected hard at $158, now sitting at $146 after a 14% weekly drop
Everyone's talking about $200 but the charts tell a different story.
Derivatives are flashing warning signs. Here's what I'm seeing
*What's really happening
The derivatives don't lie:
-Open interest pumped 19% to $6.7B
-Funding rates crashed to 0% - not good
-Can't hold above 15% for 3 months straight
Network activity disappointing:
-DApp revenue tanked from $100M+ weekly to under $40M
-Memecoin hype died after Trump token circus
-TVL stuck at $10B forever
*But wait... there might be hope?
3 things that could flip this:
SOL ETF approval - SEC seems less hostile, institutional money could change everything
Real-world asset tokenization - Cantor Fitzgerald thinks this is the real long-term play
Network revival - Need DApps printing money again and developer momentum back
If even 2 of these hit, we might see fireworks
*Smart money take
Cantor Fitzgerald: "Solana meaningfully better than Ethereum across every metric"
They're betting on companies adding SOL to treasuries. Solana's just easier - no complex L2 headaches.
Makes sense, but will it matter for price?
*Technical reality check
Not gonna sugarcoat it:
-Funding at zero = people betting against SOL
-Open interest rising while price drops = not ideal
-Leveraged bulls getting rekt
But: If catalysts hit, sentiment flips overnight in crypto.
*My honest take
Short-term: $200 feels like a stretch without major news
Medium-term: ETF approval = game changer
Long-term: RWA story makes sense
Real talk: Need something fundamental to shift the narrative.
*Bottom line
SOL at $200? Possible but stars need to align
Right now momentum isn't there. But ETF + RWA + network revival could flip the script fast.
Watching ETF news and whether DApps get back to $100M+ weeks.
