#Gate广场五月交易分享 $86 SOL, do you dare to buy the dip?

Institutions sold off $11.7 million in one hour, RSI directly broke below 17, Firedancer 1.0 just went live on the mainnet— but just now, on-chain active addresses reached 1.97 million, DEX weekly trading volume hit $11.8 billion, a new high for the year.
First look at the surface: the price is falling, but the ecosystem is crazy.
In the past 24 hours, it dropped 3.6%, bottomed at $85.69, market cap $49.7 billion, trading volume $3.48 billion.
The candlestick chart shows: dropped from 294 down over 70%, the downtrend has been broken, now bouncing within the $80-$97 range.
Is Solana about to die?
First thing: institutions and traditional finance are secretly using Solana as a settlement layer.
Western Union issued USDPT stablecoin on Solana, connecting cash networks in over 200 countries.
State Street and Galaxy launched tokenized funds.
Bullish tokenized 151 million shares on-chain.
Securitize + Jupiter + Jump Trading are building on-chain regulatory equity trading.
Second thing: Firedancer 1.0 is live, testing TPS over one million.
Solana active developers account for 23%, a 45% quarterly growth, surpassing Ethereum in new developer count.
Google Cloud partnered with Pay.sh for AI proxy payments, Jupiter launched Limit Order V2 + anti-front-running.
The fundamentals are at their strongest in 2025-2026, but the price has fallen 70% from ATH.
Third thing: a rare extreme technical signal—RSI dropped below 17.
This is extreme oversold, the ultimate panic sell-off.
But don’t forget—extreme oversold often precedes violent rebounds.
MACD negative divergence expanded to -1.13, one-hour net outflow of $11.7 million, institutions and whales are cutting positions.
One side is:
- 1.97 million active addresses on-chain, weekly DEX volume up 19% to $11.8 billion
- RWA total value exceeds $2.8 billion, ETF total scale surpasses $1.05 billion
- Developer growth outpaces Ethereum, ecosystem healthier than ever
- $86 is down 70% from ATH, valuation back to early 2024 levels
The other side is:
- RSI below 17, extreme fear at its peak
- FTX still selling, Pyth, PUMP unlocking in May
- A wealth management firm disclosed a $283 million loss on SOL holdings, possibly forced to sell
- Fed’s new chair takes office, macro uncertainty high
Key level: 86, the last psychological defense for bulls and bears.
Resistance above: 89.9 → 97.5 (breakout signals reversal) → 106 → 120
Support below: 83 → 80.5 → 78 (0.618 Fibonacci support)
Short-term traders:
Wait for 83-80.5 to buy in 2-3 batches, stop-loss below 78, first target at 97.5, take half profits.
If volume supports, hold above 97.5 to chase longs, stop-loss at 94, look for 106-120.
Swing traders:
Wait for daily close above 97.5 before entering, use dynamic take-profit to hold, target 120-150.
Current volatility is for patient traders.
Long-term believers:
Invest blindly below 86.
Solana is the most certain infrastructure chain for institutional entry in 2026.
But remember, always keep 30% cash for black swan events.
SOL now is like ETH at the end of 2023—
Everyone’s complaining about “performance toilet,” but once institutions step in, price jumps from 20 to 200.
#Gate广场五月交易分享 #CLARITY法案参议院通关 $BTC $ETH $SOL