Solana Price Jumps 3% Despite Massive 6 Tbps DDoS Attack On Network

The Solana price surged 3% in the past 24 hours, trading at $128, with a 7% increase in trading volume to $4.32 billion.

The surge in the Solana token price comes as the network faced what its co-founders described as a massive distributed denial-of-service (DDoS) attack, with reported traffic peaking at around six terabits per second (Tbps).

Solana co-founder Anatoly Yakovenko said the blockchain was under a six Tbps attack, while Solana Labs president Raj Gokal suggested the incident was still ongoing. The scale of the attack could not be independently verified.

Solana-based decentralized physical infrastructure network (DePIN) project Pipe Network described the attack as “industrial-scale” and claimed it was among the largest in internet history, noting that six Tbps equals billions of packets per second.

Despite the heavy traffic, the Solana network showed no major signs of stress, such as rising latency, missed slots, or transaction confirmation delays.

Yakovenko even referred to the attack as “bullish,” suggesting the attacker was spending significant resources while the network continued to function normally. The incident highlights Solana’s improving stability despite a history of outages. Between 2020 and 2022, the network experienced several major downtimes caused by bugs, transaction spam, and consensus failures.

Solana Price Signals Possible Bullish Reversal

The Solana (SOL/USDT) token has been under sustained bearish pressure over recent months, with price trending lower after failing to hold above the $200 region. SOL is currently trading around $127, sitting just above a key support zone formed by a double-bottom structure near the $120–$125 area. This zone has previously attracted buyers, making it an important level to watch in the short term.

The moving averages indicate that the trend remains weak. The 50-day simple moving average (SMA), shown in red around $146, has crossed below the 200-day SMA near $175. This bearish crossover confirms that downside momentum has dominated the broader trend. Price is also trading well below both moving averages, indicating that sellers still have control. However, the distance between price and the moving averages has widened, which often increases the chances of a technical rebound.

SOLUSDT Analysis Source: Tradingview

A possible bullish reversal setup near current levels. Price action is stabilizing around the double-bottom support, suggesting selling pressure may be easing. If buyers defend this zone, SOL could attempt a recovery toward the first resistance near the 50-day SMA around $145–$150. A stronger move would require a reclaim of the $175 level, where the 200-day SMA sits, but that remains a medium-term challenge.

The Relative Strength Index (RSI) is around 38, which is below the neutral 50 mark but above deep oversold levels. This suggests bearish momentum is weakening rather than accelerating. Meanwhile, the MACD remains in negative territory, but the histogram is flattening, hinting that downward momentum is slowing.

Solana remains in a broader downtrend, but the presence of strong support, slowing momentum, and a potential double-bottom formation point to a possible short-term bounce. Confirmation will depend on sustained buying volume and a break above nearby resistance levels.