#Gate广场五月交易分享 $88 SOL, are you going to buy the dip?

Public companies are experiencing nearly $1 billion in unrealized losses, major investors have sold off a net $9.2 million in the past 24 hours, the price has fallen below $90, and the RSI has dropped straight to 17.3—extremely oversold. But just five days ago, Visa, Western Union, and Meta all extended their hands to Solana, with Firedancer 1.0 just launched.
First, look at the surface: blood flowing in rivers, panic spreading everywhere.
In the past 24 hours, it dropped 3.6%, bottomed out at $88.4, market cap fell below $52 billion, and net outflow was $9.2 million. The price has fallen nearly 70% from its all-time high of $294, with public company holdings averaging $232, now with unrealized losses close to $1 billion—ready to cut losses at any moment.
In May, ETF inflows exceeded $90 million, with total inflows surpassing $1.05 billion, institutions are buying against the trend. The candlestick chart shows that the price has been oscillating in the $85–$100 range for a month, and today’s decline increased volume, but the lower Bollinger Band was broken through.
First thing: payment giants are not here to just watch.
Western Union announced that in May, they will launch stablecoin payments, connecting over 200 countries worldwide, allowing cash to be directly exchanged for USDPT on Solana. Visa’s stablecoin settlement on Solana is running at an annualized volume of $7 billion. Meta supports USDC direct payments to Solana wallets in Colombia and the Philippines.
Second thing: Firedancer 1.0 is now live on the mainnet.
On May 5th, Firedancer officially launched on the mainnet. TPS increased by an order of magnitude, stability greatly improved. Following that, Alpenglow consensus upgrade entered community validation, aiming to reduce transaction finality from 12 seconds to under 150 milliseconds—faster than Visa.
Third thing: RWA holders exceed 200k, and SOL-denominated TVL hit a new all-time high.
Don’t be fooled by the USD TVL retreat; the SOL-denominated TVL has already surpassed 200k SOL, setting a new record. Total RWA locked value exceeds $2.5 billion, with over 200k holders.
On one side:
- The three payment giants are entering simultaneously, Firedancer is live
- RWA + DePIN + AI Agent are blooming in multiple areas
- Spot ETF inflows exceed $1.05 billion, institutions are buying against the trend
- Active developers increased by 45% in a single quarter, surpassing new Ethereum registrations
- SOL-denominated TVL hits a new all-time high
On the other side:
- Public companies hold 6.97 million SOL, with an average cost of $232, unrealized losses close to $1 billion
- Major investors net outflow of $9.2 million in 24 hours, selling pressure is obvious
- RSI dropped to 17.3, extremely oversold, short-term panic sentiment is exploding
- Price broke below $90, the next psychological level is $85
Key levels: $88–$90, the last line of defense for bulls and bears.
Resistance above: $93–$94 → $97.5 → $100–$106
Support below: $85 (0.382 Fib) → $78–$80 (extreme limit)
Short-term traders:
At this level, RSI at 17.3, a technical rebound could happen at any time. But don’t rush to buy the dip—wait for an increase in volume on the hourly chart or a pullback near $85–$86 before entering, with a stop-loss at $82, targeting $93–$95.
Long-term players:
Dollar-cost averaging below $85. Firedancer + Alpenglow + payment narratives are resonating together, aiming for $150–$200 by the end of 2026. #Gate广场五月交易分享 #CLARITY法案参议院通关 $BTC $ETH $SOL