Solana (SOL) has been one of the standout performers in the cryptocurrency market, experiencing a meteoric rise from approximately $20 in late 2023 to as high as $200 earlier in 2024. Despite a recent dip, the token boasts an impressive 794% year-to-date increase. Currently trading at $144.5 with a market cap of $67 billion, Solana is poised for another rally. According to Matthew Dixon, CEO of Evai, Solana is expected to resume its upward trajectory soon, potentially reaching $188. However, this bullish outlook hinges on overcoming a short-term correction phase. Will Solana defy the odds and surge again? Let's dive into the analysis.

Solana To Surge $188

Matthew Dixon, CEO of Evai, has suggested that Solana (SOL) is likely to resume its upward trajectory soon. In a recent tweet, Dixon indicated that Solana’s current price movement resembles a five-wave impulse heading upwards, followed by an ABC correction in the second wave.

SOL should be expected to resume higher soon. It looks like a five-wave impulse to the upside and we are now progressing through an ABC correction in wave 2 before higher imo. Today's #PCE numbers will be pivotal to the progress of $SOL pic.twitter.com/XqFc2Aar1i — Matthew Dixon – CEO Evai (@mdtrade) June 28, 2024