To hit $250, SOL needs to see an uptick in onchain activity, demand for buy-side leverage and a resolution of the SEC’s Solana ETF decision.

Key takeaways:

SOL struggles to sustain $200 as onchain activity weakens and leveraged demand remains subdued.

A spot ETF approval and institutional support could lift SOL, but current fundamentals suggest limited rally potential.

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Author: Marcel Pechman

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