Solana
Why Solana is up 1.7% today
Analysis
Solana (SOL) rose about 1.7% over the past 24 hours as the market appeared to stabilize and rebound following the sharp sell-off and liquidation-driven drop highlighted by AMBCrypto. That report noted SOL had recently fallen 15% to a 2-year low and focused on whether bulls could defend the $70 level, which likely helped frame the move as a relief bounce off key support after forced selling eased.
Contributing Factors (1)
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.