Despite SOL’s rebound above $200, Solana faces slowing network activity and stronger rivals like BNB Chain and Hyperliquid. Is $300 before year-end possible?
Key takeaways:
SOL recovered above $200, but weak onchain activity and rising competition limit the odds of a sustainable rally.
Traders show little bearish conviction, yet stagnant network growth and shifting market share keep SOL’s upside capped.
