- The price of SOL has remained almost constant over the course of 24 hours.
- Solana Foundation lent USDT to Aave to support liquidity.
- SOL price needs to move above $89.32 to target $100, while $83.02 remains the key support.
After reaching $89,000 this week Sol-0.31% He hinted at a possible upside as it continues to trade below this level. During today’s Asian trading session, SOL price opened at $85.9 before the uptrend took hold, pushing it closer to the previous $89K level.
SOL price turns to a steady level as the recovery offsets the previous decline
Tracking the ongoing price trend at the time of writing, CoinMarketCap data indicates that Solana is trading at $86.41, with the 24-hour chart showing a marginal gain of 0.03%. The early green move settled above the midline before a sharp decline pushed SOL into negative territory. The decline extended towards the lower range near the $85.60 level, where the chart formed its weakest sections.
After that point, Solana gradually recovered and returned towards the $86.20 area. The rebound encountered several pauses, but the price continued to form higher lows. A sharper upward move later lifted SOL back above the previous reference line near $86.39. The SOL price chart then turned green again, indicating a recovery from the previous intraday weakness.
Price action subsequently moved sideways above this line, with frequent small pullbacks and bounces. The last section showed SOL price settling near $86.53. Solana’s 24-hour trend has remained roughly flat, with the recovery offsetting most of the earlier losses. The market closed the action slightly positive, but momentum remained modest.
Solana Foundation lends USDT to Aave after exploiting $190 million
the Sol-0.31% The trend comes as Solana Foundation has loaned USDT to Aave amid DeFi teams responding to losses linked to the April 18 exploit. The institution deployed treasury funds to support liquidity during recovery talks. Solana Foundation President Lily Liu said the loan supports broader recovery and stabilization efforts for decentralized finance.
Liu said the organization has used capital within Solana’s DeFi ecosystem before. She also said that stability across networks is important because DeFi platforms depend on each other. The foundation has previously supported Tether’s recovery plan for Drift, according to Liu. It also confirmed its plans to bring AAVE to the Solana network this weekend.
The USDT loan provides liquidity support while Aave and other DeFi protocols address the fallout from exploitation. However, the institution did not disclose the loan amount or terms. As mentioned earlier, the exploit was exploited KelpDAO infrastructure And LayerZero’s verification system. The attackers used a misconfiguration to mint unbacked rsETH and put it as collateral on Aave.
They then withdrew approximately $190 million in real assets from the protocol. Invalid collateral caused exposure across connected markets. Recovery efforts now include DeFi United, which has raised more than $230 million for affected rsETH holders. Arbitrum DAO, Mantle, and Aave DAO have committed more than 85,000 ETH, which requires management approval.
Will SOL price recover $100 after maintaining its current base?
A deep dive into TradingView’s daily Solana chart shows a prolonged decline from the January highs, followed by a narrow consolidation phase. The price fell sharply in February, then moved sideways during March and April with the last candles showing narrow ranges.
The HullMA line is above the price, with key levels near $86.49, $89.32, and $83.02. The price remains below the green upper band, while the red band represents a closer bearish structure. This setup shows weak momentum because Solana price It did not reclaim the moving resistance area. The recent candles also show limited volatility, which means that traders have not pushed the price into a clear breakout.
A move above $89.32 would put the next target around the $100 area. A stronger continuation would need a daily close above that area to challenge higher resistance near $110. However, failure to hold above $83.02 would weaken the current base. In this case, the chart is pointing towards the support area from $75 to $78. The current structure favors sideways trading until volume confirms the trend.
