Solana Jumps 15% Post-Crash Amid Doubts From On-Chain Data
Solana staged a sharp rebound this week, rallying roughly 15% after one of its steepest pullbacks. The token had broken below a descending channel on Feb. 4 and fell nearly 30% to around $67 before buyers pushed prices higher; the bounce drew attention from traders looking for a reversal in an otherwise volatile altcoin market. Short-term technical setups improved, but volume has not yet returned to levels that would signal a confident trend change.
Despite the price uptick, on-chain indicators tracked by analytics platforms are sending mixed signals — activity and inflows remain subdued, suggesting the recovery could be fragile. That disconnect matters because a lack of sustained on-chain engagement often precedes renewed selling in risk-off environments. Market participants are watching for follow-through buying, higher transaction activity, and clearer liquidity support before calling the drop fully healed.