Solana
Why Solana is up 1.1% in the last hour
Analysis
Solana (SOL) rose 1.1% over the past hour as traders appeared to stabilize price action after recent liquidation-driven selling pressure highlighted by AMBCrypto’s report on SOL’s sharp drop and key support levels. The move also comes amid heightened positioning attention after AMBCrypto noted a $4M Hyperliquid whale opening a 3x SOL short, which can amplify short-term volatility and prompt near-term counter-moves as the market digests the trade.
Contributing Factors (2)
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.
$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.