SOL plunges after DDoS attack, $126 support is in jeopardy

【Crypto World】After the Solana network experienced a 6 Tbps DDoS attack, SOL is under pressure. It has declined for three consecutive trading days, and the current price is close to the key support level of $126. Looking at derivatives data, the open interest has decreased by 3.6%, down to approximately $7.04 billion. More notably, the funding rate has turned negative — indicating that bearish forces are accumulating in the market.

From a technical perspective, the situation is somewhat tense. If the $126 key level breaks, SOL is likely to continue testing lower. The next support targets could be $107 or even $100. For now, the focus remains on whether this support level can hold.