CoinMarketCap analysts used the Price Estimate function to predict the price for SOL at the end of February. According to financiers, the cryptocurrency will trade at an average of $22.94.
The experts' guess is slightly different from the value set by PricePediction's machine learning algorithm. According to artificial intelligence, on the last day of February 2023, the Solana rate will be fixed at $24.56.
The crypto community notes that the growth of the Solana rate gives cause for cautious optimism, given that the token fell below $10 after the collapse of the FTX cryptocurrency exchange and was predicted to be an absolute devaluation.
Cryptocurrency experts predict that SOL will continue its rally to $26 per token in the near future, and eventually to $30.
To continue the bullish trend, Solana must secure support at $24. Analysts note: the SOL rate tends to rise even when the crypto market is experiencing a crisis. So, experts from TradingView emphasized that in order for the price of Solana to start moving towards its historical maximum (the last historical maximum of SOL was recorded in November 2021 - the asset cost $260. - Ed.), the cryptocurrency must successfully overcome the resistance - first at $40, then at $80 and eventually at $100.