$68 SOL—can you handle it?

Grayscale has been increasing its holdings for three consecutive weeks. TVL has surged to $4.8 billion, daily active users are in the millions—yet the price has fallen from $260 to $68, down 73%. With a $40 billion market cap, millions of daily active users, and the #2 spot in DeFi TVL, this “Ethereum killer” has lost 73% of its value over the past year.

Now it’s stuck at $68—neither up nor down. Some are calling it a “golden pit,” while others are cursing it as a “junk L1.”

First thing: Fundamentals are shockingly strong, but the price just won’t rise

TVL at $4.8 billion, holding firmly at #2 among L1s, behind only Ethereum

Stablecoin market cap at $15.2 billion, setting a new all-time high

Millions of daily active users, with transaction volume crushing most L1s

RWA assets keep growing, with tokenized equities taking the lead

Grayscale has been adding SOL for three straight weeks—institutions are buying, buying, buying

MoneyGram joins the Solana developer platform

WSOP World Series of Poker designates Solana as a sponsor, supporting zero-fee crypto purchases

Second thing: A $75 double top—are the whales drawing the chart, or distributing?

Daily chart:

SOL rebounded strongly from $62.8, surged to $75.8 in one go, and then—got slapped back down. Two attempts at $75, two rejections— a textbook bearish double-top pattern.

Current price at $68.6 is exactly sitting on the prior support level.

Third thing: A core signal ignored by 99% of people

RSI at 42—neutral, not oversold and not overbought. The moving average system is tangled together—EMA21 and EMA55 are almost overlapping.

What does that mean?

Direction is about to be chosen, and it will be a big one.

Volume increases during the pullback, suggesting selling pressure is still present. But if next comes a contraction in volume and stabilization—combined with Grayscale adding positions and ecosystem growth as backing—then this is a textbook accumulation pattern.

Fourth thing: Macro is weighing on it, but Solana is hardening up

BTC is ranging between $62k and $64k. The Fed keeps rates at 3.5%-3.75%, leaning hawkish. US tech stocks are also falling, and overall risk appetite in the crypto market is declining.

But when SOL rebounded from $63 to $75, BTC barely moved.

This suggests that some capital is buying SOL independently.

Bulls vs. bears—judge for yourself

On one side (bullish narrative):

$4.8B TVL + $15.2B stablecoins—very healthy ecosystem quality

Grayscale adding for three consecutive weeks—institutions entering with real money

Millions of daily active users, with transaction volume crushing most L1s

WSOP + MoneyGram + ecosystem upgrades—narrative fully fueled

Rebounded from $63 to $75—bulls still have momentum

On the other side (bearish risk):

Down from $260 to $68—the long-term trend is still bearish

A $75 double top formed—technicals lean bearish

Hawkish Fed—macro pressure suppressing risk assets

If BTC breaks below $62k, SOL will likely die first

Some token unlocks (including Magic Eden, etc.)—there is selling pressure

Key levels

Resistance overhead: $72-73 (short-term barrier) → $75-76 (double-top neckline; breakout = reversal confirmation)

Support below: $68 (current line of defense) → $65 → $63 (bulls’ bottom line; breakdown = accelerated downside)

For short-term traders:

Accumulate lightly near $68, stop loss at $63. First target $72-73—sell half on the way. If it breaks above $75, add to the position, targeting $80-85.

For swing traders:

Wait for the daily candle to close above $75 before going in with heavier size. Use a dynamic take-profit to hold the move; target $90-120.

For long-term believers:

DCA in the $65-68 range—buy more the further it drops. Add more below $63, and go heavy below $60.

Solana’s fundamentals deserve a price above $100.

But “deserves it” and “goes up immediately” are separated by a gap in market sentiment.

Position control:

Don’t let any single coin exceed 10-15% of your total capital. SOL is a quality asset, but any asset can fall when macro headwinds hit.

Don’t go all in. Don’t gamble your life on leverage.

Can you buy $68 SOL?

Do you want to cut your losses at $68, then watch it return to $150 and smack your thigh,

or do you want to take the chips into your own hands while others panic?

Solana fell from $260 to $68—some see “going to zero,” while others see “on sale.”

TVL at $4.8B, stablecoins at $15.2B, millions of daily active users, Grayscale buying, WSOP cooperating, RWA growing.

With fundamentals like these, do you think the $68 price tag is reasonable?

The market isn’t always right.

But eventually, the market will be right. #0成本拿2股SK海力士 #以太坊基金会重组降本 #TradFiCFD黄金大师赛 $BTC $ETH $SOL