Solana surges 10.8% to $85.34, its biggest single-day gain in months
As seen on the 24/7 Wall St. homepage on August 20, 2026.
Solana's 10.8% jump to $85.34 is its sharpest single-day gain in months, and it reclaims a level the token has been chopping around since spring. Anyone who wrote SOL off after the slide from $242 just watched a double-digit day pass without them.
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Solana closed August 19 at $85.34, the sharpest single-day percentage move the token has posted in months. For a token that had been grinding in the low-to-mid $80s for weeks, it signals a meaningful shift in momentum.
Solana traded far higher earlier in the trailing period before a sustained slide carried it into the low $60s. The recovery since that trough has been choppy, with the token repeatedly stalling in roughly the same $80s range it sits in now, which makes a confirmed hold at this level worth watching.
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Investors who sat out today missed a double-digit percentage gain in a single session. Moves of that size swing portfolio returns meaningfully, and they tend to arrive when sentiment shifts before most participants are positioned to benefit.
Whether Solana sustains this level or the session becomes another failed rally in the same range the token has been chopping through since spring is what matters from here. Prior chart readings in the low-to-mid $90s mark the next visible resistance zone, and how the token behaves in coming sessions will tell anyone deciding whether this move has legs.
Sources
Mentioned: SOL