Solana Faces Large-Scale DDoS Attack: Co-Founder Calls It 'Bullish'
DDoS Attack on Solana: Solana co-founder Anatoly Yakovenko reported that the network is experiencing a significant distributed denial-of-service (DDoS) attack, with traffic peaking at six terabits per second, potentially marking it as one of the largest in internet history.
Network Resilience: Despite the scale of the attack, Yakovenko noted that the network is not showing significant signs of stress, suggesting that it is handling the load effectively, which he described as a "bullish" indicator.
Historical Downtime: Solana has a history of multiple downtimes, with several incidents attributed to DDoS-like causes, including significant outages in 2020, 2021, and 2022, although the frequency of downtime has decreased in 2023 and 2024.
Comparison with Bitcoin: In contrast to Solana's downtime history, Bitcoin has maintained an uptime of over 99.99% since its inception in 2009, with only two recorded downtime incidents, highlighting the stability differences between the two networks.
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Technical Analysis for PIPE
Technical Sentiment Analysis for Pipe Network (PIPE) As of , Pipe Network (PIPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PIPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PIPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pipe Network (PIPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0133 | 0.00226 | 0.0119 | 0.0275 | 0.0371 | 0.0527 | 0.0623 |
| Fibonacci | 0.00226 | 0.0119 | 0.0178 | 0.0275 | 0.0371 | 0.043 | 0.0527 |
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