$92 for $SOL , are you going to buy the dip?

Western Union hints at launching a stablecoin on Solana, Blackstone clears $550 million on-chain, Goldman Sachs holds $108 million, April ETF net inflow of $40 million——but just now, large investors have been continuously withdrawing over the past 24 hours, a listed company's 7 million pledged SOL shows an unrealized loss of nearly $1 billion, the price was hammered back from $98 to $91.
First look at the surface: a barrage of positive news, but the price does not rise.
Over the past week, it has been a roller coaster between $85 and $98, with a market cap of $52.4 billion remaining in the top five, down less than 5% in 30 days——more resilient than other altcoins. The candlestick chart shows: in a symmetrical triangle consolidation, $85 has supported twice, but $97.5 has failed three times.
First thing: traditional giants are collectively leaning towards Solana.
Western Union CEO hinted at launching the USDPT stablecoin in May, directly connecting to the cash redemption network in over 200 countries worldwide. Anchorage Digital has already confirmed issuance.
Blackstone BUIDL fund cleared $550 million on Solana, Goldman Sachs holds $108 million, and South Korea’s Shinhan Card signed an MOU for stablecoin payments.
Second thing: developers are frantically fleeing Ethereum.
Latest data for May: active developers on Solana increased by 45% month-over-month, new developer registrations have already surpassed Ethereum.
Monthly active SPL token holder addresses reached 167 million, a record high.
DEX monthly trading volume hit 45 billion, on par with Ethereum.
Third thing: a ticking time bomb is right in front of us.
A listed company holds 7 million pledged SOL, with an unrealized loss of nearly $1 billion on paper.
Similar to FTX’s SOL holdings back then——if forced to sell, can the market absorb it?
Additionally, large investors have been continuously net withdrawing over the past 24 hours, with the price suppressed below the 7-day, 25-day, and 99-day EMA lines, RSI only at 42 (neutral leaning bearish).
Key level: $91, which is the psychological midpoint for bulls and bears.
Resistance above: $97.5 (top of the range) → $106 (April high) → $120.
Support below: $85 (bottom of the range) → $78-80 (0.618 Fib + vital support line).
Short-term traders:
$SOL ‌#Gate广场五月交易分享
Wait for a pullback to $85-87 before entering, stop loss at $78 (must exit if broken), take half profit at $97.5 on the first target.
If it breaks through $97.5 with volume, chase long positions, aiming for $106-$120.
Swing traders:
Gradually build positions in the $85 range, stop loss at $75, target $120-$150.
If it falls below $78, cut losses and don’t hold.
Long-term believers:
Invest blindly below $85.
Target $150-$200+ by the end of 2026, betting on the launch of Alpenglow mainnet + Western Union stablecoin igniting the payment narrative.