</p> <p>Founder and Chief Executive Officer (CEO) of Evai Crypto Ratings,<br /> Matthew Dixon, has expressed optimism about the Solana future price<br /> outlook, projecting a new bullish target for the<br /> cryptocurrency.  CEO Predicts Bullish Outlook For Solana In a<br /> recent post on X (formerly Twitter), Dixon shared a Solana and USD<br /> pair price chart originally published on TradingView, a crypto<br /> analysis platform. The crypto CEO indicated that the ongoing price<br /> correction for Solana, identified as “wave 4 (blue)” on the price<br /> chart, has not concluded and is expected to experience further<br /> declines.  Related Reading: Ethereum Staking Reaches Historic<br /> Milestone As ETH Price Barrels Past $2,400 He predicted that the<br /> ongoing wave 4 (blue) would reach a price level similar to Solana’s<br /> previous price correction, albeit to a lesser degree. The Evai CEO<br /> also anticipates that after the conclusion of the recent<br /> correction, Solana may experience a price rally once again.<br /> Previously, Solana witnessed a major surge, nearly surpassing the<br /> $125 threshold. However, the cryptocurrency lost a substantial<br /> portion of its gains as the bullish hype faded, eventually settling<br /> below the $100 price mark at some point.  Additionally, on<br /> Tuesday, February 6, the Solana blockchain was temporarily halted<br /> due to an outage, resulting in no new blocks being produced for<br /> over 25 minutes. This unexpected disruption significantly impacted<br /> the overall sentiment of the cryptocurrency, causing slight<br /> declines in the price of SOL. Following this, a solution was<br /> coordinated among validators, and the network officially resumed<br /> operations.  Presenting another price chart for Solana, Dixon<br /> has projected a new upside target of $120 for the cryptocurrency.<br /> The crypto CEO has stated that despite the recent blackout, Solana<br /> has maintained both short-term and long-term positive prospects.<br /> Nonetheless, investors are advised to anticipate a potential<br /> mid-term price correction for the cryptocurrency.  SOL Price<br /> Surges Above $100 Mark Reports from Santiment, a global market<br /> intelligence platform, have also indicated a bullish outlook for<br /> Solana. Earlier on Thursday, the crypto data platform disclosed on<br /> X that Solana is currently dominating the altcoin market and has<br /> become one of the few cryptocurrencies outperforming Bitcoin. <br /> Related Reading: Bitcoin Price Jumps Above $44,000, Here Are The<br /> Factors Driving It Santiment shared a price chart illustrating<br /> Solana’s recent price action, showcasing a robust climb over the<br /> past few days. According to their data, in the last 36 hours,<br /> Solana’s price relative to Bitcoin has increased by over<br /> 4.5%.  The cryptocurrency market intelligence platform<br /> disclosed that the outage earlier this week has instigated “Fear,<br /> Uncertainty and Doubt” (FUD) amongst investors, contributing to the<br /> current price rebound in Solana.  Solana rallied by almost 5%<br /> in the last day, and at the time of writing, the cryptocurrency is<br /> trading at a price of $105.46, reflecting a weekly increase of<br /> 4.39%, according to CoinMarketCap.  SOL price trending at $105<br /> | Source: SOLUSD on Tradingview.com Featured image from Crypto<br /> News, chart from Tradingview.com</p> <div style="margin-top: 10px; padding-top: 10px; border-top: 2px solid lightgrey;"> <div style="width: 320px; text-align: center; display: inline-table;"> Bitcoin (COIN:BTCUSD)<br /> Gráfico Histórico do Ativo<br />De Jan 2024 até Fev 2024</p> <p><img decoding="async" data-symbol="COIN%5EBTCUSD" data-period="1" data-type="15" border="0" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20280%20175'%3E%3C/svg%3E" width="280" height="175" title="Click aqui para mais gráficos Bitcoin." alt="Click aqui para mais gráficos Bitcoin." itemprop="image" data-lazy-src="http://www.bing.com/p.php?pid=staticchart&s=COIN%5EBTCUSD&p=1&t=15&width=280&height=175"/><noscript><img decoding="async" data-symbol="COIN%5EBTCUSD" data-period="1" data-type="15" border="0" src="http://www.bing.com/p.php?pid=staticchart&s=COIN%5EBTCUSD&p=1&t=15&width=280&height=175" width="280" height="175" title="Click aqui para mais gráficos Bitcoin." alt="Click aqui para mais gráficos Bitcoin." itemprop="image"/></noscript></p></div> <div style="width: 320px; text-align: center; display: inline-table;"> Bitcoin (COIN:BTCUSD)<br /> Gráfico Histórico do Ativo<br />De Fev 2023 até Fev 2024</p> <p><img decoding="async" data-symbol="COIN%5EBTCUSD" 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SOL, Will it Explode Next?"> Crypto Bull Who Made $23M HODLing Solana from $1 to $260 Puts $50,000 into New Coin Competing with SOL, Will it Explode Next?</a> </h4> <div class="mg-blog-meta"> <span class="mg-blog-date"><i class="fa fa-clock-o"></i> <a href="https://solanacrypto.news/2024/11/"> Nov 1, 2024</a></span> <a class="auth" href="https://solanacrypto.news/author/solanacrypto_1l1r5x/"><i class="fa fa-user-circle-o"></i> solanacrypto_1l1r5x</a> </div> </div> </div> </div> <!--/col-md-3--> </div> </div> </div> <!--==================== FOOTER AREA ====================--> <footer> <div class="overlay" style="background-color: ;"> <!--Start mg-footer-widget-area--> <!--End mg-footer-widget-area--> <!--Start mg-footer-widget-area--> <div class="mg-footer-bottom-area"> <div class="container-fluid"> <div class="divide-line"></div> <div class="row align-items-center"> <!--col-md-4--> <div class="col-md-6"> <div class="site-branding-text"> <h1 class="site-title"> <a 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