DEX volume surpasses $1 billion: In November, Solana’s transaction volume on DEX platforms surpassed $1 billion, marking a new record. With this large transaction volume, Solana has proven its leadership in the decentralized finance (DeFi) sector, reflecting strong market activity and significant interest from the user community.

SOL price potential reaching $600: With the increase in TVL and transaction volume, many analysts predict that the SOL price could reach $600. The market is waiting for more driving forces from macroeconomic and intrinsic factors, as Solana continues to expand its dApps and DeFi ecosystem on its platform.

Recovery potential and short-term challenges: Solana’s price is currently retesting the $223 level, with a key resistance area at $264. In the short term, the RSI at 41.73 indicates no overbought or oversold conditions, and the market is in a waiting state. If the price holds above the $223 level, a recovery could occur.