As of January 29, 2025, Solana (SOL) is trading at 231.53 USD, reflecting a 9% loss over the past week. The MACD indicator hints at a bearish trend, indicating potential further declines unless demand surges from new investors.
With significant token unlocking in February, potential downward pressure on SOL prices is imminent. However, if institutional interest through CME futures increases, there is a chance SOL could reclaim its previous high or drop below 200 USD.
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