{"id":35967,"date":"2024-02-09T19:53:01","date_gmt":"2024-02-09T23:53:01","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35967"},"modified":"2024-02-09T19:53:01","modified_gmt":"2024-02-09T23:53:01","slug":"crypto-ceo-says-get-ready-for-solana-to-rally-higher-again-with-new-target","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/09\/crypto-ceo-says-get-ready-for-solana-to-rally-higher-again-with-new-target\/","title":{"rendered":"Crypto CEO Says Get Ready For Solana To \u2018Rally Higher Again\u2019 With New Target"},"content":{"rendered":"

Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future price outlook<\/a>, projecting a new bullish target for the cryptocurrency.\u00a0<\/p>\n

CEO Predicts Bullish Outlook For Solana<\/h2>\n

In a recent post on X (formerly Twitter), Dixon shared a Solana and USD pair price chart originally published on TradingView, a crypto analysis platform. The crypto CEO indicated<\/a> that the ongoing price correction for Solana, identified as \u201cwave 4 (blue)\u201d on the price chart, has not concluded and is expected to experience further declines.\u00a0<\/p>\n

He predicted that the ongoing wave 4 (blue) would reach a price level similar to Solana\u2019s previous price correction, albeit to a lesser degree. The Evai CEO also anticipates that after the conclusion of the recent correction, Solana may experience a price rally<\/a> once again.<\/p>\n

Previously, Solana witnessed a major surge, nearly surpassing the $125<\/a> threshold. However, the cryptocurrency lost a substantial portion of its gains as the bullish hype faded, eventually settling below the $100 price mark<\/a> at some point.\u00a0<\/p>\n

Additionally, on Tuesday, February 6, the Solana blockchain was temporarily halted due to an outage<\/a>, resulting in no new blocks being produced for over 25 minutes. This unexpected disruption significantly impacted the overall sentiment of the cryptocurrency, causing slight declines<\/a> in the price of SOL. Following this, a solution was coordinated among validators, and the network officially resumed operations.<\/a>\u00a0<\/p>\n

Presenting another price chart for Solana, Dixon has projected a new upside target<\/a> of $120 for the cryptocurrency. The crypto CEO has stated that despite the recent blackout<\/a>, Solana has maintained both short-term and long-term positive prospects. Nonetheless, investors are advised to anticipate a potential mid-term price correction for the cryptocurrency.\u00a0<\/p>\n

SOL Price Surges Above $100 Mark<\/h2>\n

Reports from Santiment, a global market intelligence platform, have also indicated a bullish outlook for Solana<\/a>. Earlier on Thursday, the crypto data platform disclosed<\/a> on X that Solana is currently dominating the altcoin market and has become one of the few cryptocurrencies outperforming Bitcoin.\u00a0<\/p>\n

Santiment shared a price chart illustrating Solana\u2019s recent price action<\/a>, showcasing a robust climb over the past few days. According to their data, in the last 36 hours, Solana\u2019s price relative to Bitcoin has increased by over 4.5%.\u00a0<\/p>\n

The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated \u201cFear, Uncertainty and Doubt\u201d (FUD<\/a>) amongst investors, contributing to the current price rebound in Solana.\u00a0<\/p>\n

Solana rallied by almost 5% in the last day, and at the time of writing, the cryptocurrency is trading at a price of $105.46<\/a>, reflecting a weekly increase of 4.39%, according to CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future price outlook<\/a>, projecting a new bullish target for the cryptocurrency.\u00a0<\/p>\n

CEO Predicts Bullish Outlook For Solana<\/h2>\n

In a recent post on X (formerly Twitter), Dixon shared a Solana and USD pair price chart originally published on TradingView, a crypto analysis platform. The crypto CEO indicated<\/a> that the ongoing price correction for Solana, identified as \u201cwave 4 (blue)\u201d on the price chart, has not concluded and is expected to experience further declines.\u00a0<\/p>\n

He predicted that the ongoing wave 4 (blue) would reach a price level similar to Solana\u2019s previous price correction, albeit to a lesser degree. The Evai CEO also anticipates that after the conclusion of the recent correction, Solana may experience a price rally<\/a> once again.<\/p>\n

Previously, Solana witnessed a major surge, nearly surpassing the $125<\/a> threshold. However, the cryptocurrency lost a substantial portion of its gains as the bullish hype faded, eventually settling below the $100 price mark<\/a> at some point.\u00a0<\/p>\n

Additionally, on Tuesday, February 6, the Solana blockchain was temporarily halted due to an outage<\/a>, resulting in no new blocks being produced for over 25 minutes. This unexpected disruption significantly impacted the overall sentiment of the cryptocurrency, causing slight declines<\/a> in the price of SOL. Following this, a solution was coordinated among validators, and the network officially resumed operations.<\/a>\u00a0<\/p>\n

Presenting another price chart for Solana, Dixon has projected a new upside target<\/a> of $120 for the cryptocurrency. The crypto CEO has stated that despite the recent blackout<\/a>, Solana has maintained both short-term and long-term positive prospects. Nonetheless, investors are advised to anticipate a potential mid-term price correction for the cryptocurrency.\u00a0<\/p>\n

SOL Price Surges Above $100 Mark<\/h2>\n

Reports from Santiment, a global market intelligence platform, have also indicated a bullish outlook for Solana<\/a>. Earlier on Thursday, the crypto data platform disclosed<\/a> on X that Solana is currently dominating the altcoin market and has become one of the few cryptocurrencies outperforming Bitcoin.\u00a0<\/p>\n

Santiment shared a price chart illustrating Solana\u2019s recent price action<\/a>, showcasing a robust climb over the past few days. According to their data, in the last 36 hours, Solana\u2019s price relative to Bitcoin has increased by over 4.5%.\u00a0<\/p>\n

The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated \u201cFear, Uncertainty and Doubt\u201d (FUD<\/a>) amongst investors, contributing to the current price rebound in Solana.\u00a0<\/p>\n

Solana rallied by almost 5% in the last day, and at the time of writing, the cryptocurrency is trading at a price of $105.46<\/a>, reflecting a weekly increase of 4.39%, according to CoinMarketCap.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35967","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35967"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35967\/revisions"}],"predecessor-version":[{"id":35975,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35967\/revisions\/35975"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35967"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}