As of #February 3, 2025, Solana ($SOL ) is trading at approximately $211.30, reflecting an increase of 6.22% from the previous close.

Over the past week, #sol experienced significant volatility, dipping below the critical $200 mark to an intra day low of $176 before rebounding. This decline was part of a broader market downturn influenced by Bitcoin's drop below $100,000, which led to a selloff across various $ALT coins.

Despite these fluctuations, Solana has demonstrated resilience. Analysts suggest that if $SOL maintains support above $191, it could be poised for a parabolic phase in the 2025 bull cycle. However, failure to hold this support may result in a decline toward $138.

In the broader context, Solana's network has expanded by $6 billion since the beginning of 2025, driven by increased demand for SOL-based products, particularly #memecoins . This growth underscores rising investor confidence in Solana's potential.

In summary, while #Solana has faced recent market challenges, its robust network expansion and strategic positioning suggest potential for significant growth in the upcoming phases of the 2025 #BullCycle .