Solana Price Rebounds 8% Post Sell-Off; $120 Turns Critical Now
The post Solana Price Rebounds 8% Post Sell-Off; $120 Turns Critical Now appeared on BitcoinEthereumNews.com.
Solana is showing early signs of stabilization after a sharp market crash. Over the past seven days, SOL is down about 15.5%. The decline intensified during the broader market sell-off between January 31 and February 1. At its lowest point, Solana dropped to $95.87 before finding support. Since then, the Solana price has rebounded nearly 8% and is now trading around $103.15. That rebound has erased most of the recent daily losses. More importantly, it has been supported by improving capital flows and steady long-term holder behavior. These signals suggest that strong buyers are stepping in. But risks remain. Whether this recovery turns into a sustained rally now depends on one key level: $120. Sponsored Sponsored Breakdown Target Hit as Big Money Steps In Near Support Solana’s recent decline followed a clear technical pattern. On the daily chart, the SOL price completed a head-and-shoulders breakdown in late January. The downside target from this structure pointed toward the $95–$96 zone. That target was reached almost perfectly at $95.87. After hitting this level, selling pressure slowed, and buyers began stepping in. This shift is visible in the Chaikin Money Flow (CMF). CMF measures whether capital is flowing into or out of an asset using price and volume. When CMF rises, it suggests that large investors are accumulating. Between January 27 and February 3, SOL’s price trended lower, but CMF moved higher. This is known as a bullish divergence. It means that even as the price weakened, money continued entering the market. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Solana Price Breakdown: TradingView This behavior is uncommon during sharp corrections. Normally, CMF falls alongside price. In this case, rising CMF suggests that whales or possibly institutions viewed the $95-$96 zone as attractive. CMF is now moving…
Filed under: News - @ February 3, 2026 12:23 am