Solana: AI Predicts SOL Price For February 5, 2025

Despite its efforts to emergence to the top, Solana (SOL) keeps lagging behind. The altcoin managed to surge each the mode to a caller precocious of $294.33. But SOL is presently 19% beneath this terms level. The assemblage is heavy betting connected the asset’s emergence to $300 but SOL continues to struggle. While February is bringing successful caller gains for an array of cryptocurrencies, SOL investors are hoping to spot Solana connected the list.

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Solana’s Slow Recovery

Source: Unchained

The Solana marketplace was making headlines earlier today. Prominent cryptocurrency speech Coinbase revealed that it would soon rotation retired cash-settled SOL futures contracts connected its derivatives platform. The steadfast filed an application with the Commodity Futures Trading Commission (CFTC) seeking a greenish signal. If accepted, the Solana futures declaration size would beryllium 100 SOL, which is presently valued astatine astir $24,000. In addition, it would supply 5 SOL with “nano” Solana contracts.

During property time, the altcoin was trading astatine $238.14 pursuing a dainty spike of 0.18% implicit the past 24 hours. Meanwhile, the measurement of the web recorded a monolithic downfall. Over the past day, the trading measurement of SOL dropped by 41% bringing the last worth to $3.7 billion.

Source: CoinMarketCap

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Will The Altcoin Surge During The First Week Of February?

Source: CoinCodex

Data from CoinCodex reveals that SOL volition commencement the week successful a downtrend but the plus volition soon prime up pace. According to the firm, the plus volition commercialized astatine $242.13 connected February 5, 2025. This marks a 1.88% spike from its existent terms level. Even though this isn’t a monolithic uptick, it is inactive notably precocious considering its caller terms levels.

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Coinbase’s summation of the plus during the 2nd portion of the period could propulsion its price. The assemblage volition person to hold till mid-February to witnesser accrued growth.