SOL at $80, do you dare to buy the dip?

It fell from $293 to $80, a drop of 73%, and everyone calls it an 'abandoned public chain'.

But just when you thought it was going to zero, ETF funds secretly bought for two consecutive weeks, and on-chain data broke historical records—is it a rebound or a reversal?

First thing: Solana dropped 72%, but it's still alive, and stronger.

It fell from $293 to $70, many people said 'Solana is dying'. But look at the on-chain data:

TVL $5.1 billion, up 7% in a week

DEX 24h trading volume $2 billion

Weekly non-voting transactions exceed 1 billion, setting a historical record

Stablecoin market cap $15 billion, RWA active market cap $2 billion

Second thing: On July 2nd, Solana did something big.

On-chain governance officially launched. Validators staking 100k SOL can initiate proposals, and stakers can directly veto.

It's not the fake decentralization where 'the foundation has the final say', but real on-chain governance.

Forward Industries increased its SOL holdings to 7.55 million coins, and its stock price soared. Solana also went to support Kazakhstan's $6 billion crypto city project.

Third thing: BonkDAO was attacked, but the market didn't crash.

BonkDAO got hacked for $20 million. Many people thought 'the Solana ecosystem has a problem' when the news came out.

What happened? SOL went from $75 straight to $80.

What does it mean to be immune to negative news? This is it. The same news would have caused a 10% drop six months ago, but now the market simply ignores it.

Bonk is just a meme coin in the ecosystem, with no connection to Solana's underlying layer.

Bull vs Bear:

Bulls:

On-chain governance live, decentralization narrative upgraded

ETF continues to see net inflows, institutions accumulating in the $70-80 range

TVL $5.1B, DEX volume $2B, non-voting trades exceed 1B

RWA quarterly trading volume record high, rapid growth in payments

Breaking above $83 is a new uptrend channel

Bears:

The major downtrend from $293 hasn't fully reversed yet

$82-83 is strong resistance, failed to break three times

BonkDAO attacked, security incident affects sentiment

BTC still oscillating at $63,000, SOL can't dance alone when the market is static

Key Levels

Resistance above: $82-83 (short-term life line) → $92.83 → $146

Support below: $78-80 → $75 → $70

Current price $80.7, only 1.5% away from resistance at $82, and 3% away from support at $78.

Room on both sides is limited, direction could break out at any time.

For those already holding:

If your cost basis is above $100, don't rush to cut losses. Wait for a confirmed breakout above $82-83 to add more and lower your average cost, instead of panic selling at this key level of $80.

If your cost basis is in the $70-80 range, congratulations on catching a good bottom area. Sell a portion near $83, then buy back on a pullback.

For those who are empty-handed and want to chase:

Wait for a pullback to the $78-80 range, then enter in batches, with a stop loss below $75.

First target $85, second target $92.

If it directly breaks above $83 with volume, you can chase a small portion, with stop loss at $80.

For medium-to-long-term players:

DCA below $80, target $100-120.

Core logic: continued ETF inflows + governance upgrade + real ecosystem adoption, a triple driver.

Stop loss: if monthly close below $70, then consider closing positions.

I've seen too many people:

In 2022, when SOL fell to $10, they said 'it's going to zero'

In 2023, when it rose to $20, they said 'the rebound is over'

In 2024, when it went to $200, they said 'it can still go up'

In 2025, when it dropped to $100, they said 'it's done'

Now at $80, they say 'never touch it again'

This market is always: buy when you are most desperate, sell when you are most greedy.

Solana's fundamentals today are more than 10x stronger than during the 2021 bull run—

Higher TVL, more users, more institutional recognition, more mature products.

Yet the price is only 40% of that time.

Do you think this is reasonable? #GUSD年化升至3.8% #Strategy上周减持3588枚BTC #GT二季度销毁257万枚 $ETH $BTC $SOL