Solana Up 5%, Overcomes Outage Concerns As Analyst Says It Will 'Rally Higher Again'
Portfolio Pulse from Khyathi Dalal
Solana (SOL) experienced a 5% increase despite a recent outage, with improving sentiment and rising trading volume indicating bullish sentiment among traders. The outage was quickly resolved, showcasing the community's trust in the network. Significant weekly inflows of $13.4 million into Solana, as reported by Coinshares, further highlight its growing investor interest. Matthew Dixon of EVAI Crypto Ratings predicts a positive outlook for Solana, expecting it to rally higher.
February 08, 2024 | 9:51 pm
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Solana (SOL) saw a 5% increase in price following a brief outage, with positive sentiment and significant weekly inflows indicating a bullish outlook.
The quick recovery from the outage, combined with increasing trading volume and significant weekly inflows, suggests a strong bullish sentiment among investors. Matthew Dixon's positive outlook further supports the potential for Solana's price to rally in the short term.
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