Solana rebounds above $116 after retreating from roughly $120
Solana rose 7.37% to $116.68 on September 21, then rebounded from $112.52 to $116.05 on September 24 near $120 resistance.
Why it matters
The rally coincided with Bitcoin trading above $87,000 and short-position liquidations. No report identifies a Solana protocol update or company action, so the story's significance is limited to recent market activity.
Key facts
CoinGape reported that SOL rose 7.37% in 24 hours to $116.68 on September 21.
7.37 %Reported by CoinGape
CoinGape reported more than $18 million in short positions liquidated over 24 hours as SOL advanced.
18,000,000 USDReported by CoinGape
CoinGape reported that Bitcoin moved above $86,000 on September 21 for the first time since January.
86,000 USDReported by CoinGape
CoinGape's separate FLOKI report said Bitcoin cleared $87,000 and described the broader move as a short squeeze.
87,000 USDReported by CoinGape
Crypto News reported that Solana had moved above $110 after that level had acted as a ceiling for weeks.
110 USDReported by Crypto News (CryptoNews.net)
Crypto.News reported that SOL traded at $116.05 on September 24, up 0.92% from its daily open.
116.05 USDReported by Crypto.News
Crypto.News reported that SOL fell to $112.52 during the September 24 session before reaching $116.63.
112.52 USDReported by Crypto.News
What happened
CoinGape reported that SOL rose 7.37% in 24 hours to $116.68 on September 21 as Bitcoin moved above $86,000 and more than $18 million in short positions were liquidated. In a separate FLOKI report, CoinGape said Bitcoin had cleared $87,000 and described the wider move as a short squeeze. Crypto News reported that Solana had cleared $110 after the level had acted as a ceiling for weeks and that SOL was outperforming Bitcoin. On September 24, Crypto.News reported that SOL fell to $112.52 before trading at $116.05, below resistance at $119.90. The accounts leave the cause unresolved, with CoinGape pointing to liquidations and derivatives activity while Crypto News points to technical momentum and Bitcoin's direction.
How the story developed
- First report
First report by CoinGape
Solana Price Hits Highest Level Since January Amid $18M Liquidations: is $130 Next?
- Update
SOL rally and short liquidations reported
CoinGape reported a 7.37% SOL gain to $116.68 and more than $18 million in short-position liquidations over 24 hours.
- Update
Bitcoin moves above $87,000
CoinGape's separate FLOKI report described Bitcoin clearing $87,000 amid a broader short squeeze.
- Independent corroboration
Independently corroborated by Crypto.News
Solana price holds 4-hour Supertrend as $120 resistance looms
- Update
SOL rebounds from an intraday low
Crypto.News reported that SOL fell to $112.52 before trading at $116.05, with daily Bollinger Band resistance at $119.90.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 21 Sept 2026, 16:39 UTC: CoinGape — 1 independent source, 1 reports
- 23 Sept 2026, 04:20 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 3 reports
- 24 Sept 2026, 16:03 UTC: Crypto.News — 3 independent sources, 4 reports
Affected entities
Also mentioned: Federal Reserve, Strategy (MicroStrategy), BNB, Elon Musk, Robinhood
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | Solana Price Hits Highest Level Since January Amid $18M Liquidations: is $130 Next? | Original | |
| Crypto.News Crypto media | Solana price holds 4-hour Supertrend as $120 resistance looms | Independent | |
| CoinGape Crypto media | FLOKI Price Rallies 10% in 24 Hours, 24% in a Week as Bitcoin Hits Highest Level Since January | Independent | |
| Crypto News (CryptoNews.net) Aggregator | How High Can Solana Price Go? | Syndicated |
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