Solana’s SOL Token Eyes Breakout Amid Favorable Macro Conditions
Solana’s SOL token is approaching a critical resistance level as global liquidity conditions create a bullish environment for risk assets. Currently trading near $150, SOL has rebounded from its recent support zone between $134-$140. The cryptocurrency is now testing the upper boundary of a descending channel, with a potential breakout likely to accelerate upward momentum. This technical setup coincides with expanding global M2 money supply, which historically benefits speculative assets like cryptocurrencies. market watchers are closely monitoring whether SOL can decisively clear this resistance level, which could signal the next leg of its upward trajectory.
Solana Price Nears Key Resistance Amid Global Liquidity Tailwinds
Solana’s SOL token is testing a critical technical threshold as macroeconomic conditions favor risk assets. The cryptocurrency has rebounded from its $134-$140 support zone and now challenges a descending channel’s upper boundary NEAR $150.
Global M2 money supply expansion creates fertile ground for speculative assets. A decisive breakout above current resistance could trigger accelerated upward momentum, mirroring broader market optimism.
Solana Fixes Critical Vulnerability in Privacy Token System
Solana has addressed a significant security flaw in its Token-22 confidential transfers system that could have allowed attackers to forge zero-knowledge proofs and mint or withdraw tokens illicitly. The vulnerability, discovered on April 16, was promptly verified and patched by engineers from Anza, Firedancer, and Jito teams.
The bug resided in the ZK ElGamal Proof program, a CORE component enabling private balances and transfers through encrypted amounts. This swift resolution underscores Solana’s commitment to maintaining robust security protocols despite the inherent challenges of privacy-focused blockchain architectures.
Solana Holds Steady at $145 Amid Market Indecision
Solana’s SOL trades flat at $145, marking a 0.81% daily dip despite a 15.95% surge in trading volume to $1.78 billion. The asset shows textbook consolidation behavior after April’s rally, with neutral technical indicators suggesting exhaustion.
Market participants appear divided—near-term traders note fading momentum as the Relative Strength Index flattens, while long-term holders point to SOL’s resilient defense of the $140 support level. The current price action mirrors Bitcoin’s 2020 accumulation phase before its parabolic breakout.
Critical resistance lies at $150, a level that has rejected three separate advance attempts this month. A decisive close above this threshold could trigger algorithmic buying toward the $200 psychological benchmark.
Solana Quietly Patches Critical Token Vulnerability, Averting Potential Catastrophe
Solana Foundation disclosed a critical vulnerability in its Token-2022 standard, silently patched in April before exploitation. The flaw, if triggered, could have enabled attackers to mint unlimited tokens or drain unauthorized funds from any account.
The bug specifically targeted the ’confidential transfers’ feature within Solana’s Token-2022 framework, which leverages zero-knowledge cryptography. A coordinated effort between CORE development teams (Anza, Jito, Firedancer) and security firms (Asymmetric Research, Neodyme, OtterSec) resolved the issue within 48 hours of its April 16 disclosure.
Solana Open Interest Surges to 37.57 Million SOL as Market Confidence Grows
Solana’s futures market has attracted significant investor attention, with open interest climbing 1.86% to reach 37.57 million SOL within 24 hours. Traders have deployed $5.63 billion in SOL futures contracts, signaling renewed confidence in the asset.
Binance dominates the activity with 8.76 million SOL ($1.30 billion) in open interest, followed by Bitget, Gate.io, and Bybit. The widening golden cross pattern suggests strengthening momentum, potentially fueling further buying pressure and price appreciation for SOL in the near term.
