$96 $SOL , do you want to chase?

Whales and institutions bought aggressively over the week, ETF net inflow of $33 million in a single week, Alpenglow upgrade expectations ignite sentiment——but just now, the contract and spot trading volume ratio reached 14.5:1, RSI plummeted from 88.9 to 50.8, buying momentum was cut in half within 7 days.
First look at the surface: volume and price are rising together, a breakout is imminent.
In the past 24 hours, up 1.94%, reaching a high of $96.8 during the day, with a trading volume of $5.29 billion. In the past 10 days, it quickly rose from $88 to $95, successfully forming a bottom. The candlestick chart shows: the downtrend has been broken, MACD bars are expanding, and the 50/100/200-day moving averages are all tilted upward: $100, just a push away.
First thing: institutions + ETFs, real money is buying.
Bitwise Solana ETF net inflow of $33 million this week, $56.6 million inflow into institutional products over the past month. Circle just issued $2.5 billion USDC on Solana, Anchorage + J.P. Morgan jointly launched tokenization tools. Visa and Google Cloud have integrated with Solana.
The signal of funds rotating from BTC/ETH to high-beta altcoins is very clear now.
Second thing: Alpenglow upgrade makes Solana faster.
Landing in Q3 2026, millisecond finality—150 milliseconds to confirm transactions. Solana is already fast enough, and after the upgrade, DeFi, payments, and meme ecosystems will take off directly.
Third thing: a dangerous technical signal appears.
Contract and spot trading volume ratio reaches 14.5:1. Leverage is too high. This indicates extreme market speculation, a small correction could trigger a chain of liquidations.
RSI dropped directly from 88.9 to 50.8, buying momentum was halved within 7 days. MACD negative bars are still expanding, short-term consolidation may be needed.
Key level: $95, only 5 points away from $100.
Resistance above: $98 → $100 (psychological threshold) → $110-120.
Support below: $92-90 (consolidation zone) → $87 (bottoming point).
Short-term traders:
Wait for a pullback to $92-93 before entering, stop loss at $90.5 (exit if broken), first target to take half at $98-100. After breaking and stabilizing above $100, chase longs, stop loss at $96, aiming for $110-120.
Swing traders:
Wait for the daily close above $100 before entering, use dynamic take profit to hold, target $110-120, avoid being shaken out by manipulation. Holding window until Alpenglow lands.
Long-term believers:
Buy blindly below $90. Solana’s fundamentals, institutional recognition, and active addresses are at all-time highs. End of 2026 target $150-200, betting on Solana becoming the Nasdaq of crypto. Do not leverage more than 3x; liquidation at this level is worse than missing out. #Gate广场五月交易分享