SOL is attracting attention with a spectacular recovery to $140, but the big question is whether $160 is within reach? Despite the price increase, key indicators from the derivatives market and Solana's network fees show that investor confidence remains quite cautious.

In the context of a highly unstable macroeconomic environment and increasing competition from cryptocurrency ETF funds, $SOL is facing many challenges. The rising demand for short selling and negative funding rates reflect a market sentiment still leaning towards bearishness.

The bright spot is: Solana still firmly leads in the number of active addresses and transactions, even rising 13% while Ethereum is declining. This shows the strong vitality of the network.

However, is the current recovery strong enough to create a sustainable price increase? Or is it just a temporary "short squeeze"? Let's stay updated so we don't miss out on the important developments of $SOL !