Solana
Why Solana is up 6.1% today
Analysis
Solana (SOL) rose 6.1% over the past 24 hours as it rebounded from recent heavy sell-offs and liquidation-driven weakness highlighted by AMBCrypto, which noted SOL had recently dropped sharply and was testing key support levels. Decrypt also pointed to broader macro pressure leaving major crypto “treasuries” underwater, suggesting SOL’s move higher may reflect a short-term recovery alongside the wider market after that drawdown.
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.