Solana price prediction: $81.50–$89.50 range in focus? SOL ticks up

Traders Union
All News
Crypto News
Solana gains 1.28% today to $85.73

Highlights

Drift Protocol, Solana’s leading decentralized futures platform, suffered a $285 million hack allegedly tied to North Korea, erasing over half its TVL.
A class action against Circle for failing to freeze stolen USDC and a KelpDAO bridge hack triggered major USDC liquidity stress and fund outflows on Solana.
SOL trades near $85 with mixed momentum; price is likely to stay in the $81.50–$89.50 band as sellers dominate the longer-term trend.

Regulatory scrutiny rises as DeFi hacks drive Solana outflows

On April 1, 2026, Drift Protocol, Solana's largest decentralized permanent futures exchange, suffered a hack resulting in $285 million in losses, allegedly linked to North Korea and representing over half the protocol’s total value locked. This event triggered a class action lawsuit filed against Circle on April 14, alleging a failure to freeze stolen USDC after the hack, which may drive a regulatory review of stablecoin issuer responsibilities and highlight security issues across DeFi platforms. Additionally, a recent breach of the KelpDAO bridge on Ethereum has caused severe DeFi fund outflows on Solana and a widespread USDC liquidity squeeze across its ecosystem. Over the weekend before April 20, tensions in the Strait of Hormuz further contributed to market volatility for Solana.

Mixed momentum as SOL meets resistance near clustered averages

SOL is seeing technical congestion, with price slightly above the MA-20 at $83.69, near the MA-50 ($85.91), but well below the MA-200 at $125.56. The Ichimoku Kijun at $84.34 is acting as immediate support. Key indicators are mixed: daily MACD and ADX both sit neutral with low strength, RSI is just above 50 signaling mild buying, and Stoch RSI and CCI are neutral, while Bull/Bear Power (BBP) points toward intraday buyer dominance. The Awesome Oscillator shows upward strength, and price action remains close to the upper end of today's range with moderate volatility, highlighting a divergence between momentum and direction.

Sideways movement likely as volatility bands and signals converge

In the short term, SOL is likely to remain within a volatility band between $81.50 and $89.50 based on current levels and mixed momentum signals. Sideways trading is the most probable scenario as momentum and trend indicators provide little clear direction. An upward breakout above $89.50 could trigger a short squeeze, while a decisive move below $81.50 would suggest renewed selling pressure with limited higher timeframe support.

Anton Kharitonov, expert at Traders Union, sees Solana under pressure after major DeFi security incidents and regulatory uncertainty. He notes that technical signals are mixed, with price stuck between $81.50 and $89.50 and little clear momentum. Caution remains warranted given unstable sentiment and scarce structural support below current levels. "Sideways noise is likely for now — I stay neutral unless we see a strong move outside this range."

Earlier, analysts noted that Solana was consolidating with mixed momentum signals and ongoing security concerns following major protocol exploits. The latest developments accentuate regulatory and liquidity pressures, making the response to a potential breakout above $89.50 or a breakdown below $81.50 especially significant for traders monitoring directional shifts.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.