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>>Solana Forecast: After Hacks, Rug Pulls, and the Milei Libra Claim—What Lies Ahead for SOL?

Solana Forecast: After Hacks, Rug Pulls, and the Milei Libra Claim—What Lies Ahead for SOL?

crypthub

about 3 hours ago

Market Overview

Solana has been rocked by a $285 million hack, fresh rug‑pull accusations, and its link to the Milei‑Libra token scandal, leaving community confidence split. Institutional pressure shows with $5.2 million weekly outflows from Solana ETFs as of early April. Despite the turmoil, price action has steadied above $75, hinting at a possible recovery.

Technical Outlook

The daily chart completed a head‑and‑shoulders pattern, now trading in a $78‑$90 range and eyeing a breakout near $110. A sustained close above $82 could open the path to $85, $88 and the $110 target, while the key support sits at $75. MACD and RSI remain constructive, but slipping below $75 would risk a slide toward $49.

Risks & Opportunities

Ongoing ETF outflows and the Libra fallout are primary downside triggers, though the Solana Foundation’s security initiatives may shore up developer confidence. A move to $110 would represent a 35% gain on a $45 billion market cap, offering modest upside for late entrants. Parallel projects like LiquidChain’s L3 presale propose cross‑chain liquidity solutions, presenting an alternative risk‑reward profile for investors.