Solana (SOL) has lost 6.9% over the past 24 hours, falling to a low of $165, its lowest since mid-December.

This decline is due not only to Bitcoin's plunge into the $93,000-94,000 range, but also to the scandal with the LIBRA memecoin based on this blockchain.

Solana 7-day price chart. Source: CoinGecko

To bring clarity to the future of SOL, the AI-powered forecasting tool has updated its price forecast for the crypto asset. Taking into account technical indicators and market data, the model predicts an average price of SOL on March 1 at $170.38.

Solana AI Price Prediction

The most optimistic forecast, offered by GPT-4o, is for an 11.48% gain to $190. This scenario is dependent on increased Solana network activity, growing interest in a potential Solana ETF, and a recovery in the overall crypto market.

Claude 3.5 Sonnet has issued a bearish forecast, predicting a 10.09% drop in SOL to $153. The downgrade is based on weakening network metrics, including a 55% drop in active addresses since November and a drop in transaction volume.

Additionally, the Solana network is gearing up for a major token unlock, which will see 15 million SOL, worth $7 billion, enter circulation between February and April. If demand fails to absorb the increased supply, SOL will face increased selling pressure in the coming months.