Crypto CEO Says Get Ready For Solana To ‘Rally Higher Again’ With New Target

Name	Symbol	Market	Market Cap ($)	Algorithm
Mina	MINAUSD	Crypto	569,453,877	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Mina

MINAUSD

Crypto

569,453,877

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.001	0.19%	0.541	0.541	0.542

Price Change

Price Change %

Current Price

Bid Price

Offer

0.001

0.19%

0.541

0.542

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.546	0.513	0.541	0.540	0.349000 - 1.73

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.546

0.513

0.541

0.540

0.349000 - 1.73

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:46:13	0.197000	0.541	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:46:13

0.197000

0.541

USD

Price x Volume	Volume	Base Symbol	Related Pairs
261,192.17	491,000.25	MINA	MINAEUR	MINAGBP	MINABTC

Price x Volume

Volume

Base Symbol

Related Pairs

261,192.17

491,000.25

Crypto CEO Says Get Ready For Solana To ‘Rally Higher Again’ With New Target

09/02/2024 7:00pm

NEWSBTC

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. 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 “wave 4 (blue)” on the price chart, has not concluded and is expected to experience further declines. 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’s 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. 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. 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. 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. Related Reading: Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It Santiment shared a price chart illustrating Solana’s recent price action, showcasing a robust climb over the past few days. According to their data, in the last 36 hours, Solana’s price relative to Bitcoin has increased by over 4.5%. The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated “Fear, Uncertainty and Doubt” (FUD) amongst investors, contributing to the current price rebound in Solana. 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. SOL price trending at $105 | Source: SOLUSD on Tradingview.com Featured image from Crypto News, chart from Tradingview.com

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