🐻 SOL's been in a bit of a slump, unable to break past $145 since July 3. But don't be so quick to sell! On-chain metrics and derivatives hint at a possible reversal, with a bull run above $160 on the cards. 📈

Despite some SOL tokens underperforming, SOL remains the 4th largest crypto, excluding stablecoins. It's even matching the BNB Chain in total value locked (TVL) - a first! 💪

While SOL isn't a top contender in DApps activity, it's seen a 19% increase in users and a 12% rise in volumes over the past week. Meanwhile, Ethereum's volumes have dropped 37%. 📉

SOL's futures markets also show balanced demand between buyers and sellers. So, while we can't predict if SOL will hit $160 again, things are looking pretty good. What do you think? Will SOL rise again? Comment below! 👇