Solana’s price recovered 12% to around $88 as corporate entities accumulated the asset during a broader market downturn. Forward Industries increased its SOL holdings amid a recent 40% correction, reportedly earning an 8.05% staking yield. Analysts indicate that reclaiming the $100 price level is critical for a sustained recovery; otherwise, the price may fall toward $78.
Solana’s price rallied 12% on February 08, trading around $88 as corporate treasuries boosted SOL holdings. The overall cryptocurrency market corrected by $200 billion during this period.
Corporate entities aligned with Solana are increasingly accumulating the asset during downturns. Forward Industries boosted its SOL holdings, as noted in a social media post.
The company reportedly uses on-chain staking to earn an estimated 8.05% reward. This strategy reflects a shift toward viewing blockchain networks as a source of productive capital.
Reclaiming the $100 price level is seen as critical for a sustained Solana rebound. Otherwise, analysis suggests the price may fall to $78.
Glassnode metrics show a slowdown in long-term holder accumulation following SOL’s pullback. The HODLer Net Position Change has declined, which has historically impaired short-term rally sustainability.
Momentum indicators point to a possible deceleration in selling pressure. The Money Flow Index is nearing oversold conditions below 20, an area that has preceded price stabilization for Solana in the past.
