Could Solana Hit $250? 3 Factors Determine Its Potential

Solana’s price struggles to break past $200 as on-chain activity declines, leaving traders questioning its future trajectory. A potential Solana spot ETF approval and increased institutional support could push SOL towards $250, but achieving this will require three key factors aligning. 🕵️‍♀️ Analysts remain cautious about the token’s short-term performance due to a combination of weak network data and limited bullish leverage on futures markets. 📈 📉 🧐 💰 🔎 🔒 ➡️