Solana
Why Solana is up 20.7% today
Analysis
Solana (SOL) jumped 20.7% over the past 24 hours as markets rebounded sharply after a wave of forced selling and liquidation-driven downside that had recently pushed SOL to multi-year lows. AMBCrypto highlighted the prior liquidation drop and key support levels, suggesting the move higher likely reflects a relief bounce as selling pressure eased.
Contributing Factors (3)
Solana drops 15%, hits 2-year low: Can SOL bulls hold $70?
Solana whale was fully liquidated on its long position taking $16 million total loss.
Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
$4mln Hyperliquid whale opens 3x SOL short – Trouble ahead for Solana?
Crowded long exposure leaves Solana vulnerable as bearish structure remains intact.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.