Solana (SOL) price faces multiple challenges in its quest to reach new all-time highs. The phenomenon of unsustainable memecoin frenzies is one such obstacle, diverting attention and investment from SOL. Additionally, global uncertainty adds complexity, affecting investor confidence and market stability. Lastly, the current risk-averse positioning of investors poses a significant barrier, as cautious investors are less likely to engage in potentially volatile assets like SOL.