- SOL climbed to $100 after breaching a crucial resistance on February 9.
- If buying pressure remains present, SOL could extend its gains to $126.40.
- Analysts predict a short and long-term bullish outlook for SOL.
The Chinese New Year which was marked on February 9, came with good tiding for crypto prices and Solana (SOL) was not exempted. SOL’s price at press time was $110 after its previous attempts to hit the region were rejected.
The increase meant that the token had increased by 10.12% in the last 24 hours, CoinMarketCap data showed. Interestingly, this recovery came on the same day the Solana development team gave its report on what caused the 5-hour outage during the week.
Solana Publishes Outage Report
On Tuesday, February 6, Solana experienced a blackout that restricted users from making successful transactions on the blockchain. Coin Edition’s report also showed that the price of SOL plunged during the period.
In the recent revelation, Solana noted that the LoadedPrograms hit the infinite loop during replay on the network. This caused validators to stall on one block, thereby…
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