$77 SOL, do you dare to buy the dip?

Falling from 250 to 77, market cap evaporated by 70%, retail investors are cutting losses, but institutions are quietly accumulating—how many times have you seen this script? Just now, SOL tested the historical demand zone of $76-$80, volume shrank, RSI entered oversold.

First look at the surface: panic is still spreading.

In the past 7 days, SOL dropped over 10%, today another 2.9%, price fluctuating between $77-$79. BTC retreated from 73k to 67k, the entire altcoin market is bleeding.

First thing: falling from 250 to 77, you're scared, but institutions are laughing.

2025 high point over 250, now 77, a drop of more than 70%.

But look at the fundamentals:

- DeFi TVL remains at $5-9 billion, protocols like Kamino, Jupiter, Raydium are steady as ever.

- Monthly SPL token addresses hold over 16.7 million, daily trading volume exceeds $75 million.

- Developer activity is second in the world, only behind ETH.

More importantly—spot SOL ETF is already launched, offering staking yields directly to holders.

Second thing: Solana is not a meme chain; it’s the “settlement layer for Wall Street.”

- Solana captures 97% of tokenized stock spot trading volume, on-chain RWA holdings hit new highs.

- On June 16, “Solana Summit: Washington x Wall Street” will be held in Chicago—an face-to-face window for institutional funds.

Third thing: a technical signal that must be taken seriously.

Price precisely tests the demand zone of $76-$80—this is a historically repeated rebound point.

A small head and shoulders bottom pattern appears on the daily chart, RSI enters oversold zone (30-35), divergence signals are emerging.

Volume shrinks at low levels, typical of “end of shakeout.”

Bull-bear showdown, see for yourself.

One side:

- ETF inflows exceed $1.1 billion, institutions continue buying

- On-chain activity, TVL, developer count all hit new highs

- June 16 institutional summit catalyst

- $78 valuation at a historic low (down 70% from 250)

The other side:

- BTC retreated from 73k, market sentiment panicked

- Short-term derivatives positions are bearish, leverage liquidations intensify

- Korean meme project rugpull dragging down sentiment

- MA50/200 death cross, technicals still bearish

Key level: $78, just 8 dollars away from the critical 86 line, only 2 dollars from support.

Resistance above: 85.98 (weekly neckline, bull/bear critical line) → 90 → 96-110

Support below: 75-76 → 72 (extreme oversold) → 68-70

Short-term traders:

Enter lightly at $77-$78, stop-loss at $71.5. First target $85-$90, take profit of 30%+ and exit some. Break above 85.98, add positions toward 96-110.

Swing traders:

Wait for daily close above $86 before adding heavily, target 130-150, use dynamic take-profit to hold. Don’t get shaken out by the shakeout.

Long-term believers:

Invest blindly below $78, add in batches at 75 and 72. SOL is the only asset after BTC that has an ETF and staking yields.

Position discipline:

Current position no more than 30%, keep cash for dips. No single trade over 5% of total funds, strict stop-loss at $71.5.

SOL now is like Bitcoin in 2023—

99% of people think “fallen from 250, it’s ruined,” but after ETF approval, institutions bought the price up to over 200. #分享美股交易赢英伟达股票 #成长值抽奖赢金条 $BTC $ETH $SOL