Under pressure from a DDoS attack, will Solana hold the $126 level or seek new lows?

The Solana network is going through a critical moment. While it withstands a massive DDoS attack that has peaked at 6 Tbps, the price of SOL is under pressure from the convergence of technical and fundamental factors. With SOL trading near $139.79 (according to data from January 12), the token is assessing its resilience both on the technological layer and in market psychology.

The network resists, but the market hurts: why does Solana withstand the attack but the price falls?

The DDoS attack attempts to saturate the infrastructure through massive traffic bombardment. With billions of data packets arriving per second, any other network would have collapsed long ago. However, Solana validators have demonstrated impressive technical stability: no confirmed interruptions, no consensus outages. It’s a tangible achievement of resilience.

But here’s the market paradox: technical strength does not stop the bleeding of prices. Open interest in SOL futures fell approximately 3.6% in 24 hours, reaching around $7.04 billion. Even more revealing: the funding rate turned negative (around -0.0078%), meaning short sellers are making money while bulls pay to keep their bets. This is the true thermometer of the bearish sentiment currently dominating.

The price map: between resistance and collapse

Technically, SOL hovers around the $126 area, a level that already proved to be a critical support in November and coincides with the containment range from late June. If this level breaks on a daily close, the following downward targets would be sequential:

• First target: $107 (initial support break)
• Second target: $100 (psychological level monitored by many traders)
• Third target: $80 (pivot support S2, the final line of defense)

Momentum indicators paint a clearly bearish picture. Solana’s daily RSI is near 37 points and continues sliding toward the oversold zone, while the MACD shows signs of a bearish crossover with red bars expanding below the equilibrium line. These are not signs of reversal but of accelerating selling pressure.

The real danger: cascading liquidations and loss of confidence

The most immediate risk is not the technical DDoS attack, but what would happen after a break below $126. Leveraged long positions would be exposed to forced liquidations, creating a domino effect that would accelerate the fall and confirm the narrative shift: from “buy on the correction, fundamentals are solid” to “emergency exit before total collapse.”

This psychological transition is what truly determines whether SOL finds a bottom or descends toward new lows. The network’s technical strength is irrelevant when market sentiment turns to panic.

What should traders monitor?

To determine if Solana can stabilize or if the decline continues, there are three key indicators:

1. Sustainability of the $126 level: If it holds on a daily close, it signals defensive accumulation
2. Normalization of the funding rate: When it turns positive again, it means bullish speculation is returning
3. Recovery of open interest: An increase in futures volumes would indicate restored confidence

For now, the DDoS attack is a catalyst that worsens an already weak market picture, not the main cause of the correction. The price behavior in the coming days will determine whether Solana turns this stress test into another milestone of its “high performance and maximum resilience” trajectory, or if it marks the beginning of a deeper decline that will test long-term accumulators.