SOL rebounds alongside wider crypto market bounce: Is $160 possible?
SOL price rallied to $140, but weak derivatives market metrics and stagnate network fees show limited investor confidence. Is a retest of the $160 possible?
Key points
Solana’s activity growth has not offset falling leverage demand and weak network fees, keeping SOL short-term bullish prospects limited.
A short squeeze to $160 needs firmer derivatives support and stronger investor conviction amid persistent macroeconomic uncertainty.
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