#SOLTreasuryFundraising SOL could rebound to $250 if three key factors align

To reach $250, SOL needs to see an increase in on-chain activity, demand for leveraged buying, and a resolution of the Securities Commission's decision on the Solana ETF.

SOL could rebound to $250 if three key factors align

Altcoin in detail

Key points:

Solana struggles to hold $200 as on-chain activity weakens and leveraged demand remains low.

Approval of a spot ETF and institutional support could boost SOL, but current fundamentals suggest limited rebound potential.

The native token of Solana

SOL

€169.56

has repeatedly failed to maintain levels above $200 over the past six weeks, leading traders to wonder what is limiting the rise. Concerns are heightened by the fact that its competitors Ether

ETH

€3965

and BNB

BNB

€745.55

recently reached new all-time highs.

The potential approval of a spot exchange-traded fund (ETF) for Solana in the United States, combined with companies signaling intentions to add SOL to their corporate reserve strategies, could push the token above $250. However, three conditions must be met before a sustainable rebound can be consolidated.

Slow on-chain and futures data make investors cautious

Ranking of blockchains by fees over 7 days. Source: Nansen

For SOL buyers to regain confidence, on-chain activity on Solana must strengthen. Network fees fell by 17% compared to the previous week, while the number of transactions dropped by 10%. Meanwhile, fees on the BNB Chain increased by 6%, while transaction levels remained stable. Ethereum's layer 2 activity also showed growth, with transactions on Base up 14% and Arbitrum 20%.