🔥 Solana (SOL) Network Activity Surges – Can Its Price Catch Up?
📊 Solana (SOL) is witnessing a spike in network activity, raising hopes for a price recovery. Despite rising adoption, SOL’s price has lagged behind, leaving investors wondering if it will catch up.
📈 Key Network Highlights:
✅ Rising Daily Active Users (DAUs):
More wallets interacting with Solana dApps indicates growing adoption.
🔥 Higher Transaction Volume:
Increased on-chain activity shows strong network demand.
📊 DeFi and NFT Growth:
DeFi TVL is climbing, and NFT trading volumes are surging, boosting SOL’s utility.
💡 Will SOL’s Price Follow?
Bullish Case:
If SOL breaks resistance, it could rally to $150–$170 and beyond.
Bearish Case:
Failure to hold support near $120 could lead to further dips.
🚀 Key Catalysts:
✅ Institutional Adoption: More interest could drive liquidity.
🔥 Spot ETF Approval: A potential Solana ETF could trigger massive inflows.
📈 Expanding Ecosystem: More dApps and DeFi projects could boost demand.
