#BNBATH880 The crypto market crash accelerates, but SOL data predicts a possible recovery to 200 dollars.$SOL
Bitcoin and altcoins continue their downward trend, but the fundamentals of Solana and the growing institutional participation hint at a possible recovery of SOL's price to 200 dollars.
#BinanceHODLerPLUME Key points:
🔸Solana's DeFi dominance and rising fees maintain network demand, boosting long-term investor confidence.
🔸Institutional investor interest in SOL futures, exposure to ETP, and staking performance increase SOL's resilience.
The native token of Solana, SOL
SOL 160.71 €, fell 15.5% since reaching 209.80 dollars on Thursday, its highest price in over six months. The pullback raised concerns that a double-top formation could signal a bearish reversal. However, four key indicators suggest otherwise, and Solana may soon retest the 200 dollar level, contradicting short-term traders' pessimism.