{"id":28000,"date":"2026-04-03T11:51:00","date_gmt":"2026-04-03T10:51:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=28000"},"modified":"2026-04-03T10:53:41","modified_gmt":"2026-04-03T09:53:41","slug":"solana-sol-crash-60","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-sol-crash-60\/","title":{"rendered":"Solana below $80: Will SOL crash to $60 after drift hack?"},"content":{"rendered":"\n

Drift Exploit and Whale Capitulation Send Solana Plunging<\/h2>\n\n\n\n

The crypto market is going through a turbulent phase, and Solana<\/a><\/strong> is caught on the front lines. Currently trading in a range between $77.40 and $80.00<\/strong> (down roughly 5% over 24 hours), SOL is facing intense selling pressure. The trigger? Alongside the drop in Bitcoin<\/a>, Solana suffered a devastating exploit on the Drift Protocol<\/a><\/strong>, one of the flagship DEXs in the ecosystem, resulting in a loss of over $280 million.<\/p>\n\n\n\n

This security breach has sparked widespread panic among investors. On-chain data reveals a massive whale capitulation<\/strong>, with one whale liquidating over 47,000 SOL<\/strong> at a loss. This sudden withdrawal, coupled with a market heavily loaded with long positions, triggered a cascade of liquidations that dragged the token below the critical $80 mark.<\/p>\n\n\n\n

Technical Analysis: $80 Support Breaks, Is $60 Next?<\/h2>\n\n\n\n

From a technical analysis standpoint, Solana’s setup remains bearish<\/strong>. SOL recently confirmed a downside breakout<\/strong> from its bearish pennant, signaling a continuation of the correction<\/strong>. The $78.50 level, which served as the last short term line of defense, is now under critical pressure from sellers.<\/p>\n\n\n\n

\"Solana<\/figure>\n\n\n\n

Despite this, the 6-hour RSI and the CVD are both printing bullish divergences, and a bullish order block with a significant liquidity zone at $73 <\/strong>could act as catalysts for a short term bounce. Furthermore, SOL is now sitting at the bottom of its range. A rebound toward $92-$97<\/strong> in the coming weeks is likely if the $73 <\/strong>level holds and $77<\/strong> is maintained as support. This $77 <\/strong>mark will be crucial, especially for weekly closes.<\/p>\n\n\n\n

Indicators confirm this momentum: the stochastic RSI<\/strong> is plunging deep into oversold territory, reflecting relentless selling pressure. If buyers fail to regain control and push back above the immediate resistance<\/strong> at $84, the risk of a deeper retracement<\/strong> is imminent. A definitive loss of the $77 zone would pave the way down to the next major liquidity support<\/strong>, located around $60.<\/p>\n\n\n\n

How Far Can the Price of Solana (SOL) Go?<\/h2>\n\n\n\n

The market is currently at a major inflection point. In a bearish scenario, SOL’s inability to absorb the current selling pressure could send it crashing toward the $60<\/strong> demand zone. This key level represents an opportunity where institutional buyers might attempt to accumulate again, but it would be a painful flush out for overleveraged traders.<\/p>\n\n\n\n

\"Heatmap<\/figure>\n\n\n\n

The liquidation heatmap shows that liquidity is primarily building up to the upside, with significant short clusters between $80 and $82 and around $97 and $107. In the <\/strong>short term, we could therefore see a bounce toward $82 <\/strong>before or during the weekend.<\/p>\n\n\n\n

However, it is important to remain cautious and take profits if this scenario plays out, as weekends and early Saturdays are typically volatile<\/strong> and bearish<\/strong>.<\/p>\n\n\n\n

To hope for a more sustained bullish rally<\/strong>, Solana must imperatively reclaim $80 and then break through the $85 resistance. Such a rebound would require a positive reversal in the overall crypto market sentiment. The coming days will be decisive in determining whether SOL has hit a local bottom or if the drop is just beginning.<\/p>\n\n\n\n

For now, all signs point to a short term bounce toward $82-$83 <\/strong>in the coming hours. It remains to be seen whether Bitcoin<\/a> will manage to hold the $63,000 <\/strong>level over the next few days.<\/p>\n\n\n\n

Sources: <\/strong><\/p>\n\n\n\n