Solana Rebounds Above $85 as Recovery Momentum Offsets Security Concerns

Solana (SOL) recorded a 6% surge on April 8, strengthening the recovery phase it recently initiated. The successful breach of the $82 and $85 price points has repositioned SOL into a constructive short-term technical framework. The price is currently consolidating above the $85 level, demonstrating resilience following the downward pressure caused by the $285 million Drift Protocol exploit. This upward move comes as the market absorbs the impact of allegations linking the network to North Korean actors and the 'Milei Libra' scandal. Technical indicators suggest that if the current momentum persists, the asset could target further gains above the $88 resistance zone. Traders are now monitoring whether SOL can maintain its position above key support levels to fully invalidate the previous bearish trend.