The token recovered from $60.03 after the US Iran deal helped drive a broader market rally that triggered more than $500 million in short liquidations.
Solana rose back above $76, marking a 26% rebound from its June 6 low of $60.03. The move came amid a broader crypto market recovery tied to the US Iran deal, which also forced more than $500 million in short liquidations. The sharp reversal suggests a risk-on turn across digital assets as traders who had bet on further declines were pushed to close positions.