{"id":574211,"date":"2024-02-09T19:00:18","date_gmt":"2024-02-09T19:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=574211"},"modified":"2024-02-09T12:26:31","modified_gmt":"2024-02-09T12:26:31","slug":"crypto-ceo-solana-rally-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/crypto-ceo-solana-rally-higher\/","title":{"rendered":"Crypto CEO Says Get Ready For Solana To \u2018Rally Higher Again\u2019 With New Target"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future <\/span><a href=\"https:\/\/bitcoinist.com\/experts-set-a-date-for-solana-sol-to-reach-300-and-it-is-sooner-than-any-prediction-till-date\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">price outlook<\/span><\/a><span style=\"font-weight: 400\">, projecting a new bullish target for the cryptocurrency.\u00a0<\/span><\/p>\n<h2>CEO Predicts Bullish Outlook For Solana<\/h2>\n<p><span style=\"font-weight: 400\">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 <\/span><a href=\"https:\/\/x.com\/mdtrade\/status\/46456377?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">indicated<\/span><\/a><span style=\"font-weight: 400\"> 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<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-staking-eth-price\/\">Ethereum Staking Reaches Historic Milestone As ETH Price Barrels Past $2,400<\/a><\/div>\n<p><span style=\"font-weight: 400\">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 <\/span><a href=\"https:\/\/wncen.com\/news\/solana\/solana-corrects-1000-rally\/\"><span style=\"font-weight: 400\">price rally<\/span><\/a><span style=\"font-weight: 400\"> once again.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Previously, Solana witnessed a major surge, nearly <\/span><a href=\"https:\/\/wncen.com\/analysis\/sol-price-surges-10-solana-aim-125\/\"><span style=\"font-weight: 400\">surpassing the $125<\/span><\/a><span style=\"font-weight: 400\"> threshold. However, the cryptocurrency lost a substantial portion of its gains as the bullish hype faded, eventually settling <\/span><a href=\"https:\/\/wncen.com\/news\/solana-breakout-looms-will-sol-retake-100-before-start-of-february\/\"><span style=\"font-weight: 400\">below the $100 price mark<\/span><\/a><span style=\"font-weight: 400\"> at some point.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, on Tuesday, February 6, the Solana blockchain was temporarily halted due to an <\/span><a href=\"https:\/\/bitcoinist.com\/solana-outage-what-went-wrong\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">outage<\/span><\/a><span style=\"font-weight: 400\">, resulting in no new blocks being produced for over 25 minutes. This unexpected disruption significantly impacted the overall sentiment of the cryptocurrency, causing <\/span><a href=\"https:\/\/wncen.com\/news\/solana\/solana-11th-outage-in-2-years-sol-price-drops\/\"><span style=\"font-weight: 400\">slight declines<\/span><\/a><span style=\"font-weight: 400\"> in the price of SOL. Following this, a solution was coordinated among validators, and the network <\/span><a href=\"https:\/\/bitcoinist.com\/solana-blockchain-back-online\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">officially resumed operations.<\/span><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Presenting another price chart for Solana, Dixon has <\/span><a href=\"https:\/\/x.com\/mdtrade\/status\/13995814?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">projected a new upside target<\/span><\/a><span style=\"font-weight: 400\"> of $120 for the cryptocurrency. The crypto CEO has stated that despite the <\/span><a href=\"https:\/\/wncen.com\/news\/solana\/cardano-founder-takes-jab-at-solana-after-major-outage\/\"><span style=\"font-weight: 400\">recent blackout<\/span><\/a><span style=\"font-weight: 400\">, 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<\/span><\/p>\n<h2>SOL Price Surges Above $100 Mark<\/h2>\n<p><span style=\"font-weight: 400\">Reports from Santiment, a global market intelligence platform, have also indicated a <\/span><a href=\"https:\/\/wncen.com\/news\/why-this-crypto-report-suggests-solana-as-a-main-focus-for-the-next-bull-market\/\"><span style=\"font-weight: 400\">bullish outlook for Solana<\/span><\/a><span style=\"font-weight: 400\">. Earlier on Thursday, the crypto data platform <\/span><a href=\"https:\/\/x.com\/santimentfeed\/status\/52094994?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">disclosed<\/span><\/a><span style=\"font-weight: 400\"> on X that Solana is currently dominating the altcoin market and has become one of the few cryptocurrencies outperforming Bitcoin.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-above-44000\/\">Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It<\/a><\/div>\n<p><span style=\"font-weight: 400\">Santiment shared a price chart illustrating <\/span><a href=\"https:\/\/wncen.com\/news\/from-outage-to-recovery-solana-price-bounces-back-with-network-restart-in-full-swing\/\"><span style=\"font-weight: 400\">Solana\u2019s recent price action<\/span><\/a><span style=\"font-weight: 400\">, 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<\/span><\/p>\n<p><span style=\"font-weight: 400\">The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated \u201cFear, Uncertainty and Doubt\u201d (<\/span><a href=\"https:\/\/bitcoinist.com\/solana-sol-feeds-on-outage-fud-rocket-back-100\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">FUD<\/span><\/a><span style=\"font-weight: 400\">) amongst investors, contributing to the current price rebound in Solana.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana rallied by almost 5% in the last day, and at the time of writing, the cryptocurrency is trading at a <\/span><a href=\"https:\/\/wncen.com\/analysis\/sol-price-breaks-100-solana-to-112\/\"><span style=\"font-weight: 400\">price of $105.46<\/span><\/a><span style=\"font-weight: 400\">, reflecting a weekly increase of 4.39%, according to CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/OfanGCmR\/\" alt=\"Solana price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">SOL price trending at $105 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SOLUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Crypto News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future price outlook, projecting a new bullish target for the cryptocurrency.\u00a0 CEO Predicts Bullish Outlook For Solana 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 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 Related Reading: Ethereum Staking Reaches Historic Milestone As ETH Price Barrels Past $2,400 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 once again. Previously, Solana witnessed a major surge, nearly surpassing the $125 threshold. However, the cryptocurrency lost a substantial portion of its gains as the bullish hype faded, eventually settling below the $100 price mark at some point.\u00a0 Additionally, on Tuesday, February 6, the Solana blockchain was temporarily halted due to an outage, 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 in the price of SOL. Following this, a solution was coordinated among validators, and the network officially resumed operations.\u00a0 Presenting another price chart for Solana, Dixon has projected a new upside target of $120 for the cryptocurrency. The crypto CEO has stated that despite the recent blackout, 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 SOL Price Surges Above $100 Mark Reports from Santiment, a global market intelligence platform, have also indicated a bullish outlook for Solana. Earlier on Thursday, the crypto data platform disclosed on X that Solana is currently dominating the altcoin market and has become one of the few cryptocurrencies outperforming Bitcoin.\u00a0 Related Reading: Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It Santiment shared a price chart illustrating Solana\u2019s recent price action, 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 The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated \u201cFear, Uncertainty and Doubt\u201d (FUD) amongst investors, contributing to the current price rebound in Solana.\u00a0 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, reflecting a weekly increase of 4.39%, according to CoinMarketCap.\u00a0 SOL price trending at $105 | Source: SOLUSD on Tradingview.com Featured image from Crypto News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":574246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[12837,86420,91623,83626,89405,85361,89753,86410,83627],"class_list":["post-574211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-sol-price","tag-sol-price-prediction","tag-solana","tag-solana-news","tag-solana-price","tag-solana-price-prediction","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n<title>Crypto CEO Says Get Ready For Solana To \u2018Rally Higher Again\u2019 With New Target<\/title>\n<meta name=\"description\" content=\"Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon has expressed optimism about the Solana future price outlook.\" \/>\n<meta name=\"robots\" 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