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Analyst Predicts SOL to Hit $3800, But On-Chain Metrics Tell Different Story

  • Solana (SOL) transaction count grows from 889.7M to 2.6B, but daily active users drop to 3.1M.
  • Renowned Bitcoin analyst predicts SOL could reach $3,800, based on cup-and-handle pattern.
  • On-chain analysis shows declining core developers count and network fees, indicating challenges for sustained growth.
  • Solana (SOL) currently trading at $125.85 with a decreasing daily trading volume and a market cap of $63.98 billion.

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