Solana [SOL] Overvalued? Market Indicators & On-Chain Metrics Point to Bearish Trend
• Solana’s [SOL] indicators suggest the arrival of market bears due to its high Market Capitalization/TVL ratio. • Despite this, SOL’s demand across the derivatives market has increased and it is currently trading at $25.55 with a market capitalization of more than $9.4 billion. • However, Solana’s recent price action and on-chain metrics indicate that…