{"id":243214,"date":"2024-02-07T21:53:12","date_gmt":"2024-02-07T16:23:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/120-target-in-sight-after-holding-95-support-crypto-news\/"},"modified":"2024-02-07T21:53:15","modified_gmt":"2024-02-07T16:23:15","slug":"120-target-in-sight-after-holding-95-support-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/120-target-in-sight-after-holding-95-support-crypto-news\/","title":{"rendered":"$120 Target In Sight After Holding $95 Support? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Solana price prediction: <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\"><span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\"> market trajectory in February 2024 appears optimistic, with the cryptocurrency showcasing a bullish trend. In the last 24 hours, a significant increase of 1.77% has been seen, reaching $95.33. This rise follows a short spell of downward pressure that saw SOL dip below the key support level of $95 the previous day. With bullish forces regaining control, there\u2019s a clear sign of a potential rebound.<\/span><\/p>\n<h2><strong>Solana Price Prediction: Market Dynamics Suggest a Bullish Trend<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Solana has been caught in a tight range in recent trading sessions, oscillating between $94 and $95. This pattern highlights a battle for market dominance, with neither bulls nor bears gaining the upper hand. Yet, the recent uptick suggests a shift towards a more optimistic market sentiment. With a market capitalization of approximately $41 billion, Solana ranks as the fifth-largest cryptocurrency by market size.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_179090\" aria-describedby=\"caption-attachment-179090\" style=\"width: 1224px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Solana-Price-Prediction-e1707321794308.png\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-179090\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Solana-Price-Prediction-1224x643.png\" alt=\"Solana Price Prediction\" width=\"1224\" height=\"643\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-179090\" class=\"wp-caption-text\">Solana Price Prediction<\/figcaption><\/figure>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-outage-is-finally-resolved-after-5-hour-hiatus\/\"><span style=\"font-weight: 400;\">Solana team <\/span><\/a><span style=\"font-weight: 400;\">recently addressed a network outage that lasted around 5 hours. Before the fix, SOL\u2019s price had fallen from $96 to $92.88, marking a decline of over 4%. This dip has slightly dampened expectations for the coin to surpass the $100 mark again quickly. However, the relatively minor impact on its price reflects the investor\u2019s growing resilience to such setbacks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain records reveal that Solana\u2019s transaction processing resumed at approximately 15:00 UTC, following a halt that commenced around 09:52 UTC. Despite this interruption, the investment community maintains a positive stance towards <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-is-it-a-good-time-to-buy-sol-dip-as-network-outage-causes-uncertainty\/\"><span style=\"font-weight: 400;\">SOL price<\/span><\/a><span style=\"font-weight: 400;\">, buoyed by a bullish perspective. Long-term Solana investors are not taken aback by such disruptions, having witnessed similar occurrences on multiple occasions.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> \/ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USD<\/a> \u2013 Update <\/p>\n<p>Reclaim that level and we are good to long safely, inverse head and shoulders potential here <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tFzV9Xegbd\">pic.twitter.com\/tFzV9Xegbd<\/a><\/p>\n<p>\u2014 Crypto Tony (@CryptoTony__) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1754913594523721741?ref_src=twsrc%5Etfw\">February 6, 2024<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst Crypto Tonny has recently offered an insightful forecast regarding Solana\u2019s market direction, suggesting a potential bullish surge. While a significant rally is anticipated, SOL\u2019s current market performance is marked by volatility, hovering around a critical juncture without fully committing to an upward trajectory, suggesting the formation of an inverse head and shoulders pattern.<\/span><\/p>\n<h2><strong>SOL Technical Indicators Point to a Bullish Breakout<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If the bullish momentum persists, propelling SOL\u2019s value beyond the $95 support level, experts predict a possible ascent toward the $115 resistance area. Such momentum could propel the cryptocurrency towards a more formidable resistance at $120. On the downside, any resurgence in bearish forces might push <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/solana-price-prediction-will-market-correction-push-sol-below-60\/\"><span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\"> back to the $95 support, with a risk of dropping to the $80 level in adverse scenarios.<\/span><\/p>\n<figure id=\"attachment_179091\" aria-describedby=\"caption-attachment-179091\" style=\"width: 1136px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-179091\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1136\" height=\"652\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44.png 1136w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-300x172.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-768x441.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-150x86.png 150w\" data-lazy-sizes=\"(max-width: 1136px) 100vw, 1136px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-179091\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44.png\" alt=\"\" width=\"1136\" height=\"652\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44.png 1136w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-300x172.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-768x441.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SOLUSD_2024-02-07_19-03-44-150x86.png 150w\" sizes=\"auto, (max-width: 1136px) 100vw, 1136px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-179091\" class=\"wp-caption-text\">Solana Price Chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/WSLBXYrd\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Technical indicators like the Moving Average Convergence Divergence (MACD) exhibit a bullish outlook, with the MACD line above the signal line, complemented by a green histogram that signifies strong buying interest. The Awesome Oscillator\u2019s positive reading of $1.57 further highlights the bullish trend. Moreover, the Relative Strength Index (RSI) stands at 51.26, surpassing the critical 50 mark, which signals a predominantly bullish sentiment in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Related Articles<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/solana-price-prediction-120-target-in-sight-after-holding-95-support\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/solana-price-prediction-120-target-in-sight-after-holding-95-support\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA179089\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD179089\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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In the last 24 hours, a significant increase of 1.77% has been seen, reaching $95.33. This rise follows a short spell of downward pressure that saw SOL dip below the key support level of $95 the previous [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":243215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-243214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=243214"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243214\/revisions"}],"predecessor-version":[{"id":243216,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243214\/revisions\/243216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243215"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=243214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=243214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=243214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}