Solana’s native token, SOL, has experienced a significant rebound after a recent market crash, reaching levels unseen since late March. While this rally shows promise, the question remains whether it will reach the $180 mark, previously seen 45 days ago. Despite a sharp decline from its all-time high of over $200, SOL is showing signs of recovery, driven by growth in deposits on the Solana network and increased activity on decentralized applications (DApps). This resurgence suggests positive indicators for the short term, with analysts attributing it to DeFi expansion and growing institutional interest. However, whether this price surge will sustain beyond current levels remains to be seen. 7-day DEX volume data reveals that Solana has surpassed Ethereum layer-2 solutions in trading activity, exceeding them by over 50%, while its total value locked (TVL) rivals the Ethereum ecosystem’s position in deposits. This suggests a strong position for Solana in decentralized exchange markets. Although other factors such as the potential US spot ETF approval and government plans to acquire crypto assets could boost SOL prices significantly, analysts remain cautious about reaching the $180 mark solely on current market trends.