2024

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Solana

<div class="finbold">
 <p class="paragraph">Despite a temporary setback for the larger part of the cryptocurrency market, machine learning and artificial intelligence (AI) algorithms are relatively optimistic about the price of Solana (SOL), predicting a significant recovery by the end of the next month.</p>
 <p class="paragraph">As it happens, Solana could improve its price during February, reaching $106.29 by February 29, 2024 – at least this is what advanced price projection algorithms over at the crypto and stock analytics and forecasting platform <em>CoinCodex</em> have predicted, as per the information retrieved on January 31.</p>
 <figure class="wp-block-image"><img decoding="async" width="1446" height="490" src="https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp" alt class="wp-image-152396" srcset="https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 1446w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 768w" sizes="(max-width: 1446px) 100vw, 1446px">
  <figcaption class="wp-element-caption"><em>Solana 1-month price prediction. Source: </em><em>CoinCodex</em>
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, if the machine <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>’s above prediction, calculated using the historical Solana <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trends and accounting for past volatility and market movements, becomes a reality, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of the fifth-largest asset in the crypto sector would increase by 7.1% from where it stood at press time.</p>
 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2>
 <p class="paragraph">As things stand, Solana is currently changing hands at the price of $99.25, recording a 4.75% decline on the day, an increase of 14.17% over the week, and a drop of 6.15% accumulated across the past month, according to the most recent charts.</p>
 <figure class="wp-block-image"><img decoding="async" width="1446" height="490" src="https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp" alt class="wp-image-152395" srcset="https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 1446w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/426dc7bebda92781612f0f546547b885.webp 768w" sizes="(max-width: 1446px) 100vw, 1446px">
  <figcaption class="wp-element-caption"><em>Solana 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
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 <p class="paragraph">At the same time, the one-month technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges at the finance and crypto market monitoring website <em>TradingView</em> are also bullish on Solana, calling for a ‘buy’ at 9, which is the summary of oscillators in the ‘sell’ zone at 2, and moving averages (MA) suggesting a ‘strong buy’ at 8.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="475" src="https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp" alt class="wp-image-152397" srcset="https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp 1600w, https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp 300w, https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp 1024w, https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp 768w, https://cdn.thebittimes.com/images/2024/01/31/0a9b4b3e96b0aa9d1d6b1417dd4c6d40.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>Solana 1-month sentiment gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, the machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s could be correct, and Solana might improve its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> in the near future, especially as $4 billion has flown into its market cap in a single week, and the network has experienced increased activity, as Finbold reported on January 29.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-solana-price-for-february-29-2024-tbt78389.html">https://thebittimes.com/machine-learning-algorithm-predicts-solana-price-for-february-29-2024-tbt78389.html</a></p>

Machine learning algorithm predicts Solana price for February 29, 2024

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