$93 SOL, do you want to chase?
Whales just swept up 670k tokens, ETF inflows reached $39 million this week, Western Union and Meta simultaneously brought payments onto Solana— but just now, the MACD turned negative, and the bullish momentum was extinguished after 7 hours.
First look at the surface: volume and price are rising together, momentum like a rainbow.
In the past 24 hours, it increased by 5.6%, rebounding over 35% from the February lows, today breaking above $93, trading volume expanded to 4.95 billion, market cap back to $53.9 billion, reclaiming seventh place. The candlestick chart shows: broke through March’s descending triangle, recovered the 100-day moving average, MACD bullish crossover: $100 is just around the corner.
First thing: institutions are really pouring money in.
Western Union launched USD stablecoin on Solana, enabling 24/7 global payments. Meta opened USDC payments for creators in Colombia and the Philippines, settling directly with Solana. Shinhan Card in Korea signed an MOU with the Solana Foundation. RWA total value surpassed $2.5 billion, a new all-time high.
Second thing: developers have already voted with their feet.
New Solana developer registrations surpass Ethereum, market share 23%. Jito + Solana companies invested $180 million to build institutional validators and staking products. On-chain active addresses hit 2.13 million, daily transaction count 80.63 million.
Three pillars of fundamentals: DeFi TVL $5.8 billion, DEX daily trading volume $1.9 billion, stablecoin market cap $15.4 billion.
Third thing: a technical signal that must be watched carefully.
In the past 7 hours, the MACD histogram turned from positive to negative, latest value -0.129. Bullish momentum is weakening. Price is still rising, but buying strength is diminishing. Once BTC pulls back, SOL’s high-beta nature will show you what “rising fast, falling faster” really means.
One side is:
Whales reactivating, buying 670k SOL
ETF inflows of $39 million this week, real institutional money
Western Union + Meta + Korean card payments landing
RWA worth $2.5 billion, developers surpass ETH, fundamentals exploding
The other side is:
MACD turning negative, bullish momentum waning
High leverage concentration, speculative trading crowded
Regulatory uncertainty (“Clear Law” pending)
$100 psychological barrier huge, three failed attempts
Key level at $93, just 7 dollars away from the critical $100 line.
Resistance above: $96.80 (March high) → $100 (psychological milestone) → $105
Support below: $88-90 (former resistance turned support) → $85 → $78 (strong bottom)
Short-term traders:
Wait for a pullback to $88-90 before entering, stop-loss at $85 (exit if it drops below), first target to take half at $96.80 on a volume breakout, chase longs above $96.80, stop-loss at $94, aiming for $100-105.
Swing traders:
Wait for the daily close above $94 before adding positions, use dynamic take-profit, target $100-120. If MACD remains negative, don’t hold heavy positions.
Long-term believers:
Invest blindly below $85. End-of-2026 target $120-150, betting on Alpenglow upgrade + payment ecosystem explosion + ETF approval. Once $100 is truly broken and stabilized, add more, don’t go all-in at once.
SOL now is like SOL in 2021—
Back then, it rose from $3 to $30, everyone said “too high,” but it hit $260.
The day $100 breaks through, you’ll realize: it’s not Solana that’s not good enough, it’s that you always sell before takeoff.
#Gate广场五月交易分享 $BTC $ETH $SOL