$89 SOL, do you dare to buy in?
Visa and Meta just reached out, Morgan Stanley is also entering the market, Google Cloud jointly launched AI payments— but just five days later, $870 million worth of tokens are set to unlock. Is this wave driven by institutional buying, or are whales taking over?
First look at the surface: rising volume and price, explosive news.
In the past 24 hours, it increased by 3.36%, from 85.48 to 88.35, with a market cap of 51.6 billion, firmly holding the 7th place, and trading volume hitting 5.6 billion. The candlestick chart shows: since the V-shaped rebound from $78 at the end of March, it has recovered multiple moving averages, the 4H MACD has a golden cross, SAR is bullish, all indicators are signaling: bottom confirmed, don’t get shaken out.
First thing: institutions are not just watching, they are pouring real money in.
Visa is expanding its stablecoin settlement network to Solana, with an annualized scale of $7 billion, a 50% increase month-over-month. Meta is simultaneously launching USDC creator payments in Colombia and the Philippines.
That’s not all. Morgan Stanley announced support for Solana by the end of 2026. The Moscow Exchange launched a SOL crypto index on May 13. Google Cloud and the Solana Foundation jointly launched Pay.sh, specifically for AI autonomous payments.
Second thing: the fundamentals are so strong they are decoupled from the price.
SOL has fallen 70% from its all-time high of $294, but network usage, developer activity, and RWA share remain high. Stablecoin supply exceeds $14 billion, and the DePIN (Helium, etc.) and meme coin ecosystems continue to contribute trading volume.
In the RWA market, Solana has already surpassed Ethereum in some sectors. Securitize’s regulated tokenized stocks are also on Solana.
Third thing: a dangerous technical signal must be acknowledged.
In five days, $870 million worth of SOL will unlock. Historically, such unlocks are associated with an average 10% correction.
Regarding indicators: RSI has fallen from a high of 89.22 to 47.56, showing waning buying momentum. ATR at 0.6893 indicates increased volatility, with price approaching the upper Bollinger Band.
Key levels: 88-89, just 2 points away from the critical 91.
Resistance above: 91 (right shoulder + 0.236 Fib) → 97.6 → 100 (psychological barrier)
Support below: 83-85 (Fib + recent accumulation zone) → 80.5 (0.5 Fib) → 78 (final line of defense)
Short-term traders:
Wait for a pullback to 83-85 before entering, set stop-loss at 80.5 (exit if broken), take half profit at 91. First target: sell half at 91 on volume breakout. After a volume surge above 91, chase longs towards 97-100. Don’t chase at 89; five days later, the unlock could cause a dump you can’t handle.
Swing traders:
Wait for the daily close above 91 before entering, target 97-110, set stop-loss at 83. Keep adjusting take profits, don’t panic sell on unlock news—unlock doesn’t necessarily mean a drop, but panic selling definitely does.
Long-term believers:
DCA below 83 in batches. With Alpenglow’s consensus upgrade (100-150ms finality) + Firedancer + institutional adoption, target 150-200+ by end of 2026. But remember—volatility around the May unlock will be high, keep your position light, and stay calm.
SOL right now is like ETH at the end of 2023—
Everyone’s saying “Solana’s performance is declining,” but once Visa came in, the price jumped from 80 directly to 150.
On the day 91 breaks through, you’ll realize: it’s not Solana that’s weak, it’s you being scared off by the unlock news. $SOL $BTC #比特币站稳8万关口
