Solana Price Up 3% Despite $38M Upbit Hack

Solana value has surged 3% within the final 24 hours to commerce at $143.19 as of three.45 a.m. EST on a 16% enhance within the day by day buying and selling quantity to $5.35 billion.

The rise within the SOL value comes regardless of South Korea’s Upbit, considered one of Asia’s largest crypto exchanges, halting deposits and withdrawals after hackers compromised a sizzling pockets linked to Solana blockchain. The attackers reportedly stole greater than $38 million value of tokens, together with Solana‑primarily based Official Trump (TRUMP), Bonk (BONK), Jupiter (JUP), Double Zero (2Z) and a number of other smaller belongings.​

Upbit(@Official_Upbit) has been hacked — 54B KRW (~36.8M USD) in belongings on #Solana have been transferred to unknown wallets.https://t.co/plbmBz2G4Nhttps://t.co/YOHoqDVfqa pic.twitter.com/DM5BxSTtXA

— Lookonchain (@lookonchain) November 27, 2025

Upbit rapidly moved the remaining funds into chilly storage and began working with on‑chain investigators to hint the stolen tokens. The platform additionally stated it will make customers entire, which helped restrict panic promoting throughout the broader Solana market.​

Regardless of the hack, Solana’s value solely dipped briefly earlier than bouncing, an indication that merchants see the exploit as an alternate safety difficulty moderately than an issue with the Solana blockchain itself. SOL patrons handled the primary drop as a possibility to purchase the dip at decrease ranges.

Solana On‑Chain Alerts Energy After The Exploit

Community exercise on Solana stays elevated, with sturdy transaction counts pushed by memecoin buying and selling, DeFi swaps and NFT‑associated transfers. This implies that common customers haven’t deserted the chain and proceed to work together with dApps, whilst safety groups observe the hacker wallets.​

Upbit’s resolution to droop deposits and withdrawals for affected tokens may quickly sluggish on‑chain flows from Korean merchants, however different international exchanges and on‑chain venues nonetheless present deep liquidity for Solana belongings.

Solana Value Technical Outlook

The Solana value is buying and selling round $143, sitting between the 50‑day easy shifting common (SMA) close to $169 and the 200‑day SMA near $179 on the day by day chart. This implies SOL continues to be in a corrective section after failing to carry above $200 in late October.

Nonetheless, the lengthy‑time period bullish construction stays intact so long as the worth stays above the key help zone round $95–$100.​​

SOLUSD Evaluation Supply: Tradingview

The chart additionally exhibits that Solana lately fashioned a rounded backside sample after a pointy drop from the $200 area, with patrons stepping in close to $100 and pushing the worth again above $140.

Earlier than the newest correction, a transparent “Golden Cross” appeared when the 50‑day SMA moved above the 200‑day SMA. This signalled the beginning of a robust uptrend that took SOL near $295 on the peak.​

Nonetheless, a “Dying Cross” has now fashioned because the 50‑day SMA curls down and threatens to cross beneath the 200‑day line, warning that bears nonetheless have some management within the brief time period.

If the Solana value fails to reclaim the $169–$179 shifting‑common band quickly, sellers may attempt to push the coin again towards the latest low close to $95, the place the chart marks a key horizontal help degree.​​

The Relative Energy Index (RSI) sits in impartial territory across the mid‑40s, which exhibits that the market is neither overbought nor oversold.

In the meantime, the MACD line is barely beneath the sign line in detrimental territory, hinting that bearish strain will not be absolutely gone but, whereas the Common Directional Index (ADX) above 40 means that the present downtrend nonetheless has power even after right now’s bounce.​

Solana Targets $180–$200 If $169 Breaks

For the bullish case, merchants will look ahead to a day by day shut again above $169, which might put Solana’s value over the 50‑day SMA and open the door to a transfer into the $180–$200 resistance band.

A clear break above $200 may then goal the earlier excessive close to $295 over the approaching weeks.​ On the draw back, a drop again beneath $120 could be an early warning that bears are regaining management, growing the danger of a slide towards the $100 and $95 helps.

So long as SOL holds above this base and continues to print larger lows on the day by day chart, many merchants will see dips as shopping for alternatives.​​

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