2024

Solana

Rekt

<ul>
 <li>Rekt Capital predicts a significant surge for Solana’s SOL token, potentially reaching $115.</li>
 <li>SOL has shown positive momentum, rallying 33% from recent lows and reclaiming support levels.</li>
 <li>The current trading price is around $104.50, following a 27% increase over the week.</li>
</ul>
<p>Prominent crypto analyst Rekt Capital issued an upbeat short-term forecast for Solana’s SOL token this week, calling for a “significant surge” toward the $115 level. The prediction comes as <a href="https://thenewscrypto.com/?s=Solana" target="_blank" rel="noopener noreferrer nofollow">Solana</a> prices regain positive momentum after reclaiming former range lows.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a><br><br>Solana perfectly followed the orange path and then some<br><br>+33% up and breaking back into its black-black range from a few weeks ago<br><br>Any dips into the black $98.98 would act as a reclaim event of the old Range Low in an effort to rally to at least $115<a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://t.co/VDDqAoCUn6" rel="noopener noreferrer nofollow">https://t.co/VDDqAoCUn6</a> <a href="https://t.co/GbVlWsCvwc" rel="noopener noreferrer nofollow">pic.twitter.com/GbVlWsCvwc</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1752302496419033107?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
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<p>According to Rekt Capital, Solana continues tracking a predetermined price path that has already powered a 33% SOL rally off recent swing lows. The advance reestablished support in a week-long trading range as technical indicators flashed increasingly bullish.</p>
<h2 class="wp-block-heading" id="h-solana-regained-100-level">Solana regained $100 level</h2>
<p>SOL currently trades around $104.50, building on a 27% pop for the week. Rekt Capital now eyes the $98.90 level representing SOL’s former range bottom as a potential “reclaim event” should prices correct temporarily. From there, a lift-off toward topping $115 becomes distinctly possible.</p>
<p>The constructive outlook aligns with reignited buying interest across cryptocurrency markets as fears from this year’s plunge abate. Solana prices logged a dramatic 60% crash in 2023 but have since carved a potential bottoming formation.</p>
<p>On-chain data also captures intensifying tailwinds, with SOL trading volumes spiking 60% in the past 24 hours alone. The surge has forced nearly $10 million worth of futures trader liquidations in the last day as well.</p>
<p>The volatility reflects how swiftly sentiment pivots across risky assets like cryptocurrencies. But analysts generally believe Solana’s strong platform usage metrics provide a favorable backdrop, especially should macro gloom lift.</p>
<p>Even this week’s rally merely returns SOL to levels breached last September. Nonetheless, excited Solana proponents starved for good news will take any suggestion of a durable trend reversal.</p>
<p>If SOL maintains or builds on its nascent breakout in the coming sessions, focus turns to the $120 barrier for evidence bears are sustaining casualties in what could become a mid-year rally.</p>

Solana (SOL) Positioned For ‘Significant Surge’ Above $115: Analyst

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