Solana Price Prediction: Industrial-Scale DDoS Attack Hits Solana as Market Consolidates

Source: Coindoo Original Title: Solana Price Prediction: Industrial-Scale DDoS Attack Hits Solana as DeepSnitch AI Bonus Program Nears New Year’s Eve Deadline Original Link:

Analyst says SOL is in a wait-and-see posture amid recent Solana price predictions, as a DDoS attack targets the network and market participants await directional clarity.

Solana Co-Founder Frames DDoS Attack on Network as Bullish

Anatoly Yakovenko, co-founder of Solana, disclosed an industrial-scale distributed denial-of-service attack targeting the network this week. Although the attack-induced traffic peaked at approximately six terabits per second (Tbps), it had minimal impact on the network.

Yakovenko noted that the attack represents a bullish outcome because someone is spending the same amount the network makes in revenue to initiate this attack, yet it remains futile. Other Solana leaders including Raj Gokal, president and co-founder of Solana Labs, also spotlighted the incident, describing the scale as industrial-level.

Despite the DDoS attack, the network’s performance has not been affected to date.

Solana Price Prediction: SOL Trades Sideways as Market Seeks Direction

Solana’s momentum outlook indicates the asset is in a sideways trend after a recent dip sent it crashing to the $125-$130 range. While SOL has stopped testing the lower end of its macro support, market indicators show the asset is consolidating within a band rather than moving in a specific direction.

Technical analyst Ali Martinez has highlighted the importance of nearby levels, noting that crossing the $145 mark could turn the trend bullish. However, if SOL drops below $125, it could shift the structure lower.

At this point, SOL investor sentiment is crucial for the price to make a decisive move. SOL trades at $127, down 6.88% over the past week.

Solana (SOL) Price Analysis: One-Month Chart Shows Range Breakdown and Weakening Momentum

Over the past month, Solana has traded within a broad range, repeatedly failing to hold above the $140-$145 resistance zone, which capped multiple recovery attempts. Each rejection was followed by sharp pullbacks, forming a pattern of lower highs that signaled fading bullish momentum.

The recent breakdown below the $130 support level intensified selling pressure, pushing SOL toward the $125-$127 area, where price is currently attempting to stabilize. Technically, the structure remains bearish below $130, with a reclaim of this level needed to ease downside risk, while failure to hold current support could open the door to further weakness.

Avalanche Price Prediction: Consolidation Hints at Breakout Scenario

Analyst James Easton recently shared a chart highlighting AVAX consolidating after a recent downtrend. In his analysis, he emphasized the importance of the $15 level, asserting that a decisive break above this zone could significantly shift market structure.

Per Easton’s note, the current base formation suggests absorption rather than distribution, with price respecting support while compressing below resistance. Therefore, AVAX could begin an upward trend if buyers reclaim $15.

Currently, AVAX trades at $12.20, down 14.53%.

Conclusion

While SOL and AVAX have yet to make decisive moves on the charts, both assets remain at critical technical junctures. Solana’s ability to reclaim $145 and Avalanche’s potential break above $15 will be key levels to watch in determining the next directional move for these major cryptocurrencies.

FAQs

How high can Solana go in 2025?

If market conditions improve, SOL could exceed $150 by the end of the year based on various price predictions.

What is the current Solana price sentiment?

SOL is currently in consolidation mode, with investor sentiment crucial for determining the next directional move. Technical resistance at $145 and support at $125 are key levels to monitor.

What does the Avalanche chart indicate?

AVAX is consolidating with strong support holding, suggesting potential for an upward trend if buyers reclaim the $15 resistance level.