What to expect from Solana rallying towards $200?

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What to expect from Solana rallying towards $200?
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Solana (SOL) corrects lower at around $180 and halts its rally towards the psychologically important $200 level early on Monday.

Solana ’s total value locked climbs 18% in July to $5.38 billion, as seen on DeFiLlama. Solana sustains over 20% gains in the past seven days, corrects nearly 3% on Monday. Active addresses and new address count in the Solana network have increased throughout July. Solana corrects lower at around $180 and halts its rally towards the psychologically important $200 level early on Monday.

and HUNTBODEN erased 57%, 82% and 31% of their value in the past 24 hours, per CoinGecko data. added 77% to its value in the same timeframe. Solana could extend gains if these conditions are met Active addresses and new addresses Address count is a key on-chain metric to determine whether an asset is relevant among traders and there is demand for the crypto. Data from Hellomoon shows a climb in the two metrics in July. This supports a bullish thesis for Solana.

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