$96 SOL, do you want to chase?
Whales and institutions bought aggressively for a week, ETF net inflow of $33 million in a single week, Alpenglow upgrade expectations ignite sentiment——but just now, the contract and spot trading volume ratio reached 14.5:1, RSI plummeted from 88.9 to 50.8, buying momentum was cut in half within 7 days.
First look at the surface: volume and price are rising together, a breakout is imminent.
In the past 24 hours, up 1.94%, touching a high of $96.8 during the day, with a trading volume of $5.29 billion. Over the past 10 days, it quickly rose from $88 to $95, successfully forming a bottom. The candlestick chart shows: the downtrend has been broken, MACD bars are expanding, the 50/100/200-day moving averages are all tilted upward: $100, just a push away.
The first thing: institutions + ETFs, real money is buying.
Bitwise Solana ETF net inflow this week is $33 million, institutional products have inflowed $56.6 million over the past month. Circle just issued $2.5 billion USDC on Solana, Anchorage + J.P. Morgan jointly launched tokenization tools. Visa and Google Cloud have integrated with Solana.
The signal of funds shifting from BTC/ETH to high-beta altcoins is very clear now.
The second thing: Alpenglow upgrade, making Solana faster.
Landing in Q3 2026, millisecond finality—150 milliseconds to confirm transactions. Current Solana is already fast enough; after the upgrade, DeFi, payments, and meme ecosystems will take off directly.
The third thing: a dangerous technical signal has appeared.
Contract and spot trading volume ratio reaches 14.5:1. Leverage is too high. This indicates extreme market speculation, a small correction could trigger a chain of liquidations.
RSI dropped directly from 88.9 to 50.8, buying momentum was halved within 7 days. MACD negative bars are still expanding, short-term consolidation may be needed.
One side:
- ETF funds continue to flow in, institutions accelerating entry
- Alpenglow upgrade expectations, all positive windows before Q3
- Daily chart breaks out of the downtrend channel, stabilizes above $95
- Active addresses 32.7 million, real usage volume surpasses most L1s
The other side:
- Contract leverage reaches 14.5x, huge liquidation risk
- RSI halved, momentum clearly slowing
- Psychological barrier at $98–$100, three failures to break through
- If BTC retraces to $75k, SOL will follow down 10-15%
Key level: $95, only 5 points away from $100.
Resistance above: $98 → $100 (psychological level) → $110-120
Support below: $92–$90 (trading dense zone) → $87 (bottoming point)
Short-term traders:
Wait for a pullback to $92–$93 before entering, stop-loss at $90.5 (exit if it drops below), first target to take half at $98–$100. After breaking $100 and stabilizing, chase longs, stop-loss at $96, aiming for $110–$120.
Swing traders:
Wait for the daily close above $100 before entering, use dynamic take-profit to hold, target $110–$120, avoid being shaken out. Holding before Alpenglow lands is the window.
Long-term believers:
Buy in batches below $90 with eyes closed. Solana’s fundamentals, institutional recognition, and active addresses are at all-time highs. End of 2026 target $150–$200, betting on Solana becoming the “Crypto Nasdaq.” Leverage no more than 3x; liquidation here is worse than missing out.
SOL now is like ETH at the end of 2023—
99% of people think “it’s too expensive,” but it only took half a year for it to go from $20 to $200.
On the day it breaks $100, you’ll realize: it’s not Solana that’s not good enough, it’s you who always falls before dawn. #Gate广场五月交易分享 $BTC $ETH $SOL
