Solana

Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings, Matthew Dixon, has expressed optimism about the Solana future <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">price outlook</a>, projecting a new bullish target for the cryptocurrency.&nbsp; 
<h2 id="ceo-predicts-bullish-outlook-for-solana">CEO Predicts Bullish Outlook For Solana</h2> 
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 <a href="https://x.com/mdtrade/status/1755485547546456377?s=46" rel="nofollow">indicated</a> 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.&nbsp; 
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 <a href="https://www.newsbtc.com/news/solana/solana-corrects-1000-rally/">price rally</a> once again. 
Previously, Solana witnessed a major surge, nearly <a href="https://www.newsbtc.com/analysis/sol-price-surges-10-solana-aim-125/">surpassing the $125</a> threshold. However, the cryptocurrency lost a substantial portion of its gains as the bullish hype faded, eventually settling <a href="https://www.newsbtc.com/news/solana-breakout-looms-will-sol-retake-100-before-start-of-february/">below the $100 price mark</a> at some point.&nbsp; 
Additionally, on Tuesday, February 6, the Solana blockchain was temporarily halted due to an <a href="https://bitcoinist.com/solana-outage-what-went-wrong/" rel="nofollow">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 <a href="https://www.newsbtc.com/news/solana/solana-11th-outage-in-2-years-sol-price-drops/">slight declines</a> in the price of SOL. Following this, a solution was coordinated among validators, and the network <a href="https://bitcoinist.com/solana-blockchain-back-online/" rel="nofollow">officially resumed operations.</a>&nbsp; 
Presenting another price chart for Solana, Dixon has <a href="https://x.com/mdtrade/status/1755858253013995814?s=46" rel="nofollow">projected a new upside target</a> of $120 for the cryptocurrency. The crypto CEO has stated that despite the <a href="https://www.newsbtc.com/news/solana/cardano-founder-takes-jab-at-solana-after-major-outage/">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.&nbsp; 
<h2 id="sol-price-surges-above-100-mark">SOL Price Surges Above $100 Mark</h2> 
Reports from Santiment, a global market intelligence platform, have also indicated a <a href="https://www.newsbtc.com/news/why-this-crypto-report-suggests-solana-as-a-main-focus-for-the-next-bull-market/">bullish outlook for Solana</a>. Earlier on Thursday, the crypto data platform <a href="https://x.com/santimentfeed/status/1755422786452094994?s=46" rel="nofollow">disclosed</a> on X that Solana is currently dominating the altcoin market and has become one of the few cryptocurrencies outperforming Bitcoin.&nbsp; 
Santiment shared a price chart illustrating <a href="https://www.newsbtc.com/news/from-outage-to-recovery-solana-price-bounces-back-with-network-restart-in-full-swing/">Solana’s recent price action</a>, 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%.&nbsp; 
The cryptocurrency market intelligence platform disclosed that the outage earlier this week has instigated “Fear, Uncertainty and Doubt” (<a href="https://bitcoinist.com/solana-sol-feeds-on-outage-fud-rocket-back-100/" rel="nofollow">FUD</a>) amongst investors, contributing to the current price rebound in Solana.&nbsp; 
Solana rallied by almost 5% in the last day, and at the time of writing, the cryptocurrency is trading at a <a href="https://www.newsbtc.com/analysis/sol-price-breaks-100-solana-to-112/">price of $105.46</a>, reflecting a weekly increase of 4.39%, according to CoinMarketCap.&nbsp; 
<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">

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

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