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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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

BitMEX founder, Arthur Hayes, shared insights on X about Bitcoinโ€™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 Solanaโ€™s value. 

Good time to invest in Solana? Letโ€™s Find out the analystโ€™s bullish outlook on Solanaโ€™s price trajectory. 

Key Investment Shift

In a recent post on X, Arthur Hayes, known for accurate predictions, has once again spotlighted Solana (SOL) as a standout investment during the altcoin season. This time, he anticipates an impressive rally in SOLโ€™s price, linking it to a potential banking crisis.

Observing recent events in the U.S. banking sector, particularly a notable 40% drop in New York Community Bancorpโ€™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 Reserveโ€™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 Hayesโ€™ latest insights, considering the possibility of history repeating itself in Solanaโ€™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, Solanaโ€™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. 

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.

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