Can $300 SOL be achieved by December?

Despite a recent rebound, SOL faces challenges including decreased onchain activity and increasing competition. With concerns about its ecosystem’s health and low trading sentiment, doubts linger about reaching the 300 USD target in the coming months.

Metrics from derivatives indicate weak demand for bullish positions amid low funding rates. Meanwhile, SOL’s significant liquidation events are casting a shadow over trader confidence, raising questions about SOL’s price trajectory.