Solana, if three conditions are met, SOL price may exceed 250

Solana (SOL) has been unable to maintain the $200 level, raising concerns that its upward momentum is beginning to show signs of slowing, but some analysts have suggested that there is room for further gains if certain conditions are met.
On the 26th (local time), cryptocurrency market experts said that the approval of Solana (SOL) spot ETF in the US, the incorporation of SOL into corporate financial strategies, and the growing demand for leveraged purchases are contributing to the rise of cryptocurrency.
If these three conditions are met, the price of SOL could surpass $250. However, current on-chain data and derivative indicators indicate that investors are cautious.
Over the past six weeks, SOL has breached the $200 mark multiple times but failed to consolidate, while rival assets Ethereum and Binance Coin have hit new all-time highs.
Recent data shows that Solana Network fees fell 17% week-over-week and transaction volume fell 10%, while BNB Chain maintained its volume with a 6% increase in fees and a 10% decrease in Ethereum.
Base and Arbitrum, the company's Layer 2 networks, saw transaction growth of 14% and 20%, respectively. Solana's total deposit limit (TVL) remains significant at $12.5 billion.
However, on-chain revenues have fallen 91% since their peak in January, a downward trend that coincided with the meme coin boom that followed the launch of the Trump token.
Leverage demand is also limited. The annualized premium for perpetual futures is currently neutral at 10%, but the SOL price has fallen by
Considering that the price has risen 39%, the bullish momentum is weak. In particular, the long/short ratio of top Binance traders has been declining recently, indicating that investment sentiment is shifting to a more conservative stance.
The participation of institutional investors and the decision of regulators are key variables that will determine the future of SOL.
Digital, Multicoin Capital, Jump Crypto
It was reported that Yahoo! Crypto and others were planning to establish a $1 billion Solana-focused digital asset management company, and the Solana Foundation also supported this, but this did not contribute to the price rebound.
The final key question is whether the U.S. Securities and Exchange Commission (SEC) will approve the Solana cash ETF.
Balchunas has assessed the likelihood of approval at over 90%, but the deadline for a final decision is still mid-October. Therefore, there is still a chance that SOL could surpass $200 again in the short term.
However, due to sluggish on-chain activity, limited leverage demand, and uncertainty over ETF approval, we believe a sustained rally towards $250 is only possible if all three conditions are met.
Be absorbed.