$76 worth of SOL—are you buying?



First look at the surface: the monthly line bounced up 14%, but in the short term it’s pulling back.

SOL surged off the June low of $60, hitting as high as 80+. It’s now ranging in the 75–80 zone, with the price around $76. Market cap is about $40 billion+. 24-hour trading volume is $1.5–1.7 billion. The candlesticks tell you: price is hovering near the Bollinger middle band, RSI is around 50 and neutral, the 9-day moving average at 78.7 is capping it, and short-term momentum is weak—direction is unclear. Wait for a signal before you move.

First thing: in the June move from $60—did you bottom-fish?

In June, when SOL dipped to around $60, panic spread everywhere online. Analysts said, “It will fall to 40,” and retail traders cursed, “Solana is going to zero.”

So what happened?

It rebounded 26% in one month, straight back to $80.

Now at $76, it’s 26% higher than $60. The people who missed the bottom are stomping their feet: “Should I chase?” Those already holding are torn: “Should I sell?”

The bottom is never called—it’s built.

Second thing: the fundamentals haven’t broken down; they’re actually stronger.

Solana has crossed the 1,000th Epoch—this isn’t just hype. Backpack rolled out 24/7 US stock brokerage services, Ondo Finance introduced tokenized stock trading, and Alvarez & Marsal accepts USDC payments—RWA deployment is moving far faster than you think.

The Firedancer upgrade is still progressing, with the ultimate goal of sub-second finality. The shift from a pure Memecoin chain to “high-performance + real adoption” is already well underway.

Third thing: a technical signal has appeared that you must pay attention to.

At $74, the price has been repeatedly tested in the recent period, and each time it holds. The pattern may be forming an inverted head-and-shoulders reversal—left shoulder at 60, the head? the right shoulder is being built now.

But on the short-term 4-hour chart, the price has broken below the volatility lower band, showing the bulls don’t have enough energy to push yet. 78–80 is the first wall. You need to break through to see 85–90; if you can’t, it will grind back to 73–74.

Key levels

Support below: 73–74 (key line of defense) → 67–68 (Bollinger lower band, the “iron bottom”)

Resistance above: 78–80 (breakout confirmation for strength) → 85–90 → 110–130

One side is:

A deep V rebound of 26% in June, with a bottoming structure taking shape

TVL returning to the highest level since June, with strong on-chain data

RWA adoption accelerating, with real growth from institutions

The 1,000th Epoch milestone, with 1 billion+ transactions in a single week

The other side is:

The Fed’s high interest rate at 3.5–3.75%, with rate cuts nowhere in sight

The 9-day moving average capping it, short-term momentum weak

78–80 hasn’t been crossed three times—huge psychological pressure

Seasonality in August–September has historically been weak

Aggressive short-term:

Buy in batches at 74–75.5, stop loss below 72. First target 78–80; after a breakout, look at 85–90. The risk-reward is good, but don’t go all-in.

Conservative swing trade:

Wait for the daily chart to move above 80 with volume before entering, confirm the trend reversal, target 100+. Right-side trading never gets the exact lowest point—but it also never gets stuck deep.

Long-term DCA:

If you truly believe in Solana, start monthly DCA in the 70–75 range, targeting the 2027 cycle return. But the prerequisite is: you can accept it dropping back to 60 again and not panic.

SOL right now is like ETH in September 2024—

Everyone said “L1 is dead,” and then two months later it doubled.

But the difference is: SOL’s volatility is much bigger than ETH’s—when it rallies it’s ferocious, and when it falls it’s vicious. If you enjoy its upside explosiveness, you’ve got to endure the rollercoaster.

It’s not that Solana has no value; it’s that you always want to buy at the lowest point and sell at the highest point—then you’ll always miss the move. #PreIPOs第二期OpenAI认购 #百万充值补贴 #伊朗宣布关闭霍尔木兹海峡 $BTC $ETH $SOL
BTC-2.16%
ETH-2.13%
SOL-1.74%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned