Solana price prediction: $81.00–$88.00 range in focus as SOL advances 1.53%

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Solana gains 1.53% to $85.40 today

Highlights

Drift Protocol, Solana's largest perpetuals platform, suffered a $285 million hack linked to North Korea, triggering major asset outflows.
Despite the security incident and liquidity drain, Solana led all blockchains in decentralized application revenue for the fifth consecutive week.
SOL trades with mixed momentum signals, consolidating between $81.00 and $88.00, with a higher risk of further declines than upside moves.

Protocol hack and liquidity exodus drive elevated borrowing costs

On April 20, 2026, Solana’s largest perpetual futures platform, Drift Protocol, was hacked with $285 million in value transferred, reportedly linked to North Korea and totaling over half the protocol’s assets. The event triggered a wave of capital outflows from the ecosystem, with USDC liquidity drained from Kamino Finance and borrowing rates surging as utilization spiked across Solana lending markets. Despite these incidents, Solana has surpassed Ethereum for the fifth consecutive week in weekly decentralized application revenue, maintaining its leading position in on-chain trading activity.

Intraday buying strength amid mixed momentum and technical barriers

SOL is currently positioned above its SMA-20 at $83.69 but just below the SMA-50 level at $85.91, while the SMA-200 at $125.56 remains a distant resistance point. The immediate technical support is the Ichimoku Kijun at $84.34. Momentum indicators show mixed signals: the MACD and ADX on the daily chart are neutral, the RSI sits near 50, and neither the Stoch RSI nor CCI indicates extremes. However, Bull/Bear Power (BBP) is elevated at 1.05, indicating buyers dominate intraday, and the Awesome Oscillator is positive, while overall volatility remains moderate. This combination of an overbought BBP with otherwise balanced oscillators suggests intraday strength but highlights caution due to conflicting momentum signals.

Limited breakout risk as SOL consolidates between key support levels

Over the next five trading days, SOL is expected to remain in a typical volatility band between $81.00 and $88.00, reflecting consolidation amid mixed momentum signals and technical support near the Kijun. The likelihood of an upward breakout is low, with probabilities of a price increase estimated below 20%, and sideways movement as the baseline scenario. A break above $88.00 could prompt stop-driven buying, while a move below $81.00 would signal renewed downside momentum and bring further support levels into focus.

Viktoras Karapetjanc, expert at Traders Union, sees Solana’s resilience as a sign of strong underlying demand despite recent security shocks in the ecosystem. He notes that maintaining leadership in dApp revenue and on-chain trading points to robust fundamental and sentiment support. The analyst believes technical signals warrant cautious optimism, but the path higher is challenged by mixed momentum and overhead resistance. In his view, macro conditions and positive flows remain tailwinds. "As long as Solana holds above key support and capital outflows stabilize, I expect consolidation to turn into renewed upside momentum in the coming weeks."

Earlier, analysts noted that Solana was mired in sideways trading amid uncertain momentum and persistent security concerns. The recent exploit involving Drift Protocol highlights ongoing vulnerabilities and reinforces the need for traders to monitor $88.00 as a potential breakout level that could alter the prevailing period of consolidation.

Source of Data: SOL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.