Hit by the US President Donald Trump’s announced tariffs on major trading partners, China, Canada, and Mexico, the overall crypto market felt the impact, leading to a sell-off and increased selling pressure on altcoins. As such, Solana (SOL) experienced significant price drops; however, it’s currently trading in green at around $206, and it’s up more than 5% on the day.
AI sets SOL price for Valentine’s Day
Given the recent tariff news by the new White House administration, the broader crypto market experienced major fluctuations.
In response to this, Finbold deployed its AI price prediction tool, which combines technical analysis models, macroeconomic indicators, and sentiment insights to generate daily price targets.
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To gauge near-term price movements of SOL for Valentine’s Day (February 14) halfway through the month, Finbold’s AI tool aggregated predictions from multiple advanced models, including ChatGPT-4o, GPT-4o Mini, Claude 3.5 Sonnet, Claude 3 Opus, and Grok 2 Vision.
At the halfway point of February, AI forecasts that the SOL price will remain over the $200 mark, with five AI models suggesting an average price of $211.05, which is a 2.63% increase in value.
Claude 3.5 Sonnet provided the highest predicted change of a whopping 17.92%, setting SOL at $242.50. Its Opus counterpart was less optimistic with a suggested price change of 3.34% while GPT-4o Mini was the only AI model to predict a downtick.
Notably, the AI forecasts a marginal increase between now and February 14, suggesting that SOL will not see further downside and impacts of the China tariffs. However, should further news dampen Bitcoin (BTC) price dynamics, expect SOL to follow suit.
Featured image via Shutterstock
