Solana Price Prediction – SOL Near $77 Support After $285M Hack, $96 Upside Still Possible

Highlights:

• Solana fell after the $285 million Drift Protocol hack hurt market sentiment.
• Stable trading volume showed SOL stayed strong despite the exploit.
• Market rebound and Clarity Act hopes could push Solana toward $96.

Solana (SOL) is in the red today, a reflection of the prevailing weakness across the cryptocurrency market. When writing, Solana was trading at $79.06, down by 5.52% in the day. However, relatives are relatively stable intraday, up by only 19% to stand at $5.79 billion. This stability in volumes is a positive indicator for Solana, given that Solana is in the midst of negative news at the moment.

Advertisement

Drift Protocol Hack Triggers Minor Correction for SOL

The biggest news surrounding Solana is the hack of Drift Protocol, which saw $285 million stolen. This makes it the biggest exploit of 2026 and has triggered investor fears in the short term. However, the fact that Solana has not experienced any major crash or a volume spike goes to show that investors believe this is a short-term event. It also goes to show that investors believe Solana is likely oversold already.

Hack was a Private Key exploit

​Here is how the hacker did it: 🧵👇

​Hacker gained access to Admin signer privileges

​Created a new collateral market for a worthless token (CVT)

​Jacked the Drift USDC limit from $25M to $500M

​Used CVT to borrow and drain assets from the… https://t.co/90lW550eFl pic.twitter.com/k08PKcW801

— jussy (@jussy_world) April 1, 2026

As such, news of an exploit is unlikely to push the price any lower than where it is at the moment. At Solana’s current price levels under $100, the key factor likely to have a major impact on its price action is Bitcoin. If Bitcoin rallies, Solana could rally as well, and vice versa. At the moment, all indicators point to more consolidation before any clear break because Bitcoin appears directionless. 

Ongoing Rebound In US Stocks Could Push Solana Higher 

However, the stock market could play a role in bringing back excitement to cryptocurrencies, particularly the major ones like SOL. US stock indices, which Bitcoin, Solana, and other cryptocurrencies now mirror, have overcome the worst of the recent correction. The S&P 500, for instance, has started the month strong, and in the weekly charts, appears to be reversing a multi-week correction.

There won’t be a depression. I’m not even sure there will be a recession.

I think the S&P 500 has a good chance of bottoming around 6,100.

— Patrick CPA (@BoujeeFinances) April 2, 2026

If this trend continues, cryptocurrencies could follow suit, albeit at an accelerated rate. Such a move could see Solana rally back to its recent highs, and potentially make new ones. Trump has already said that the war in Iran is almost over, which means there is a good chance that the pivot into stocks and other risk-on assets could continue.

Positive News Around Clarity Act Could Send SOL to New Highs

At the same time, Solana could get a boost from the Clarity Act, possibly passing this month. The SEC and CFTC recently agreed on the way forward on stablecoins. Banks’ issues on yields have now been sorted out, and the cryptocurrency industry also has a clear way of handling stablecoins.

If Clarity passes, it could unlock billions of dollars of new capital into the cryptocurrency market. As has been the trend in the past, capital tends to flow more into large-cap cryptocurrencies since they offer a mix of growth and stability. Solana, being one of the top 10 cryptocurrencies, would benefit immensely from such a move and rally to new highs in the medium term.

Already, the fact that SOL is mostly unaffected by a multi-million dollar hack in its ecosystem shows investors know a big move is coming with the Clarity Act, and are holding in anticipation. 

Technical Analysis – Solana Trending Towards Multi-Month Support

Solana is currently trending towards multi-month support at $77.78. If bears are strong enough to push Solana through the $77.78 support, Solana could drop to prices as low as $50 in the short term.

On the flipside, if SOL bounces on or before it hits the $77.78, a rebound to the $96.24 resistance would be more likely. Of these two scenarios, a drop to the $77.78, followed by consolidation around it, is more likely. That’s because the broader market is showing some weakness. This is in line with the intraday correction in the US stock markets. 

Advertisement