Solana traders’ favorite metric flashes, but is $300 SOL by December possible?

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.

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