$SOL at $85, do you still dare to buy the dip?
Whales just sold $137 million, perpetual contract funding rates turned negative, TVL halved from its peak—yet just now, SOL firmly held at $85, Google Cloud teamed up to push a payment solution, RWA hit a new high of $280 million.
First look at the surface: no more falling, some are buying the dip.
In the past 7 days, down 5%, 30-day volatility is weak, but from this year's lows, it has rebounded quite a bit. Today’s volume is 3.5-4 billion, market cap remains at $50 billion, ranking 7th. The candlestick chart shows: at $85, it’s been tested three times and held, today it stayed strong. MACD histogram narrows, RSI in the neutral zone of 40-50, even if it drops further, there’s little room.
First thing: institutions haven’t run, they’re increasing their application holdings.
Solana Foundation and Google Cloud just launched the Pay.sh payment solution, enabling direct settlement for stablecoin merchants. RWA on-chain value hit a new high of $280 million, stocks, bonds, and collateral are moving onto Solana.
Second thing: halving TVL is a good thing, not bad.
Since 2026, Solana’s TVL has retraced from its high to $5.5-6.2 billion, active addresses per month dropped to a two-year low, fee income halved.
But after the FTX collapse in 2022, SOL dropped from $260 to $8—that was a real crash. Now, it’s just “bubble squeezing.” Meme gambling dogs are gone, developers remain, top protocols like Jupiter, Jito, Kamino are still working.
Third thing: a technical signal that must be watched closely.
$85, three retests, three holds. This is the most important current **psychological + technical resonance support**. The $90-93 area above is MA50 resistance, also a previous dense trading zone. Volume hasn’t increased, indicating big funds are still watching.
One side:
- RWA hit $280 million high, Google Cloud partnership landed
- Staking ratio at 69%, network security stable
- Alpenglow + Firedanger coming online
- $85 held three times, support is very strong
The other side:
- Whales sold $137 million on the 19th
- Perpetual contract funding rates turned negative, leverage longs retreat
- TVL halved, on-chain activity at two-year lows
- Resistance at $90-93, cannot break through without volume
Key level: $85, the last line of defense for bulls.
Resistance above: $90-93 → $100 (psychological + Fibonacci) → $120
Support below: $84.5 → $80 (psychological level) → $73-75
Short-term traders:
Lightly buy near current $86, stop-loss at $83.5, take half profit at $90. After breaking and holding above $90, add more, target $93-95.
Swing traders:
Wait for daily volume to confirm above $90 before entering, target $100-120, stop-loss at $84. Right-side trading may miss the bottom, but it can prevent you from being shaken out.
Die-hard Solana believers:
DCA below $85, start staking to earn APY, target $150-200+ by end of 2026, betting on Alpenglow launch + RWA explosion.
SOL now is like ETH at the end of 2023—
Everyone’s criticizing “meme chains have no future,” but institutions are quietly positioning in RWA and payments at $85.
When the day truly breaks through $90, you’ll realize: it’s not that Solana can’t do it, it’s that you’ve been cleaned out too thoroughly.
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