Is Solana’s Price Poised for a $294 Rally?

Solana price is showing signs of potential growth, with key indicators pointing to an upward trend. 11.04 million wallets currently hold at least 0.1 SOL, indicating growing retail adoption and positive momentum for the Solana network. Additionally, Solana dApps generated a remarkable $50M in revenue last week, leading other Layer-1 and Layer-2 blockchains with a commanding market share of 51.6%. High open interest of $6.92B also reveals increased trader exposure despite recent price fluctuations.