The meme coin mania lifted Solana to $295.83 on January 19, but its price fell by 22% afterward. Despite this, optimism persists for a February rally beyond previous records.
Solana may benefit from the anticipated launch of CME futures, yet a recent error on their website led to confusion. Official confirmation could significantly boost SOL.
Conversely, an impending $489.2 million Solana token unlock could strain the market, lowering prices if demand doesn't match supply.
Current bearish trends in the Moving Average Convergence Divergence (MACD) indicator suggest a potential drop below $200; however, renewed interest or futures launch could reverse this trend.