Solana Jumps 11% as Charts Signal Key Reversal Test
The post Solana Jumps 11% as Charts Signal Key Reversal Test appeared on BitcoinEthereumNews.com.
Solana bounced sharply after a fresh risk-off news cycle, climbing about 11% from the high $70s into the mid $80s. At the same time, a separate weekly chart kept Solana near a key base zone, with analysts watching whether the rebound can grow into a broader trend shift. Solana Rises 11% as Traders Point to Bounce After Iran Strike Headlines Solana rose about 11% from its recent low, as a chart shared by CryptoCurb on X showed SOL climbing from the high $70s into the mid $80s in the hours after fresh headlines about strikes involving Iran. In the post, CryptoCurb linked the move to the news cycle and called the rebound a sign of resilience. Solana USD 30 Minute Chart. Source: CryptoCurb on X The TradingView screenshot shows SOL/USD on the 30 minute timeframe on Binance, with price pressing around $84.5 after rallying from the lower boundary near $77 to $78. A highlighted green box on the chart marks the upswing, while the candles near the right edge show a brief consolidation after the jump. Price data for Feb. 28 also reflected a sharp intraday move, with Solana trading in a wide range and recovering from the day’s lows into the mid $80s. That rebound followed a deeper slide earlier in the week, keeping short term direction tied to whether buyers can hold the recent base and extend the recovery. Solana Tests Support as Analysts Weigh Reversal Scenario Meanwhile, Solana traded near $87 on the weekly chart after a prolonged decline from its late 2025 highs above $250, as market analyst InvestingHaven said a potential reversal may be developing. In a post on X, the analyst wrote that “technical stabilization” is emerging after significant drops, pointing to a structure that could support a gradual recovery into 2026 if momentum…
Filed under: News - @ March 1, 2026 6:26 pm