Solana’s $36M Hack: Will Bulls Ever Clear $150 or Just Cry at the $145 Wall?

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Well, well, well, the crypto market has decided to wake up from its nap! With Bitcoin making a run for the $92,000 mark (someone call the paramedics), altcoins like Solana are jumping in with the hope that maybe-just maybe-they can ride on Bitcoin’s coattails. After a bounce off the $127 mark, a $150 target seemed totally within reach. But, of course, there’s always something, right? The latest Upbit hack might just stir the pot, sending Solana’s price into wild swings in the short term. So, after struggling with $145 resistance, can Solana keep up its bullish streak and finally hit $150? Let’s see if the bulls are still in the game or if they’re getting a little shaky. 🐂💸

Upbit’s $36M Solana Exploit Sparks Caution

So, here’s the plot twist: A massive $36 million hack on Upbit involving Solana has thrown a wet blanket on the entire market. Talk about ruining the vibe! Early reports say the breach was due to unauthorized access to user accounts, and not a flaw in Solana’s core protocol (phew, sort of?). But does that stop the panic? Nope. Traders are losing their cool anyway. 🙄


And what did Upbit do? Oh, just suspended all deposits and withdrawals. How reassuring! They’ve promised a full investigation, but let’s be real, no one knows the full story yet. What we do know is that Solana wasn’t the only one hit. Over 24 different cryptos-including USDC, BONK, and, let’s face it, probably your favorite obscure altcoin-got drained. Classic crypto drama. 😱

Will This Impact the SOL Price Rally?

Now, let’s get back to Solana. It was cruising up, following Bitcoin’s rally like a faithful sidekick, bouncing off local lows below $130. But here’s the kicker: It can’t seem to break that stubborn resistance level of $142-$144. It’s like trying to get through a velvet rope at an exclusive club, only to be turned away. The technicals are looking more bearish by the day, and the CMF and OBV are screaming “liquidity outflow.” This is not exactly the party you want to be at. 😬


So, what now? The SOL price has recovered most of its crash-induced losses, but don’t start the champagne just yet. If it can’t break above $145 soon, we might be looking at another dip below $140. But, if the price somehow manages to rocket above $150-then we’ll start talking bullish again. But don’t hold your breath. 😏

Can SOL Price Reach $150?

Technically speaking, Solana’s pullback is still technically within a larger bullish structure (for now). The $180 mark is acting as its first line of defense, but don’t get too comfy. The on-chain metrics are looking decent-network activity, validator strength, and DEX volumes are all still healthy (yay!), so no fundamental breakdown yet. Also, traders aren’t freaking out just yet, as open interest has chilled out and funding rates are balanced. So, fingers crossed, right? 🤞

If the buyers keep holding onto $180, we might see SOL stabilize and push back toward the $195-$205 range (because, of course, there’s always a new resistance level waiting). But if we drop below $180? Yikes. That could be the signal for a bigger pullback. It’s a fine line, people. But what else is new? 😅

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2025-11-27 13:19