Solana's SOL token has bounced back 8% after dipping to $222 on November 26, but some investors remain cautious following a sharp drop from its peak of $263.80. Despite skepticism, data suggests SOL has potential for growth. While SOL's recent 1% gain lags behind the altcoin market's 12% rise, Solana's fundamentals are strong. The network's total value locked (TVL) surged 48% in the past month, outpacing BNB Chain and Tron. Solana's DApp ecosystem is expanding, with notable growth in liquid staking and decentralized exchanges. SOL futures show traders are optimistic, with a 23% premium on long positions.