Solana's native token, SOL, reached a four-week low on June 11, testing the $145 support level and experiencing a sharp decline within four days. This drop was influenced by macroeconomic uncertainties, with the market nervous about potential corrections and a delay in interest rate cuts by the US Federal Reserve. The S&P 500 index's plateauing and concerns over the impact of the Consumer Price Index (CPI) increase added to the market's caution. Despite these challenges, SOL investors are hopeful for a US exchange-traded fund (ETF) listing, aiming to strengthen SOL's position. However, SOL encountered network issues related to maximum extractable value (MEV), leading to performance issues. Despite the recent setbacks, indicators indicate that investor confidence in SOL remains robust, hinting at a potential positive reversal. On-chain and derivatives metrics suggest upward potential for SOL. The demand for leverage through SOL futures has remained constant, reflecting market stability. On-chain data indicates rising user numbers and transaction volume, positioning SOL as a key player in the blockchain domain. Despite lower transaction volume compared to competitors, SOL's stable derivatives and network metrics point towards a potential price recovery. Efforts by the Solana Foundation to address network concerns contribute to the optimistic market outlook for SOL.