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The post <a href="https://coinpedia.org/news/arthur-hayes-predicts-epic-solana-sol-price-rally-if-this-happens/" rel="noopener noreferrer nofollow">Arthur Hayes Predicts Epic Solana (SOL) Price Rally If This Happens</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
BitMEX founder, Arthur Hayes, shared insights on X about Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the banking sector. Hayes linked the complex relationship between traditional finance and cryptocurrencies, signaling potential impacts on Solana’s value.&nbsp;
Good time to invest in Solana? Let’s Find out the analyst’s bullish outlook on Solana’s price trajectory.&nbsp;
Key Investment Shift
In a recent post on X, Arthur Hayes, known for accurate <a href="https://x.com/CryptoHayes/status/1752972890843283660?s=20" rel="noopener noreferrer nofollow">predictions</a>, has once again spotlighted Solana (SOL) as a standout investment during the altcoin season. This time, he anticipates an impressive rally in SOL’s price, linking it to a potential <a href="https://x.com/CryptoHayes/status/1752821444952854553?s=20" rel="noopener noreferrer nofollow">banking crisis</a>.
Observing recent events in the U.S. banking sector, particularly a notable 40% drop in New York Community Bancorp’s stock, reminiscent of the March 2023 banking crisis, Hayes speculates that the Federal Reserve might inject liquidity, triggering a broad market rally, especially in crypto.
Joining the dots from the past, Hayes hints at a potential repetition of the Federal Reserve’s strategy to stabilize the market from inflation. Notably, he had previously expressed optimism about Solana when its token, SOL, was valued at $60.
His accurate forecast of a surge to $100 adds weight to his current prediction. Investors are now closely watching Hayes’ latest insights, considering the possibility of history repeating itself in Solana’s future price movements.
Taking a closer look
Recently, Solana has gained attention as it outperforms other top 10 cryptos, experiencing a recent 7.08% and a notable 28% weekly increase.
Currently the fifth largest crypto with a $45 billion market cap and a $2.9 billion 24-hour trading volume, its surge is credited to on-chain advancements. Notably, Solana’s price rose by 78% from December 18 to 24, 2023, breaking the $78 barrier and confirming it as a support floor on January 22.&nbsp;
However, the present trend suggests a potential cooldown, with indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) returning to mean levels.
This could prompt a retest of the $78 support, signaling a potential uptrend, targeting $133 and reflecting a 70% gain from the $78 support level, aligning with historical patterns between November 2021 and December 2022.

Arthur Hayes Predicts Epic Solana (SOL) Price Rally If This Happens

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