$91 SOL, are you still waiting for the “final drop”?

I know how you feel right now. You open your account and see SOL drop from 294 to 91, halving again and again, and everyone in the group is shouting “Solana is doomed.” The chips in your hand are like a hot potato—sell it, afraid it will suddenly take off one day; hold it, afraid it will drop back to 80.
First thing: institutions are frantically bottom-fishing, and you’re still panicking.
SOL spot ETF inflows have exceeded $1.05 billion! Net inflow of $56.6 million in the past month, Bitwise’s SOL Staking ETF single product broke $1 billion. Grayscale and 21Shares are all buying.
Western Union will launch stablecoins directly on Solana next month, providing cash payout channels in over 200 countries. New Korean cards and Jito’s APAC staking are landing.
Second thing: Alpenglow upgrade is coming, performance doubling again.
Q3 mainnet launch, new consensus protocol reduces finality time to under 150 milliseconds. Previously criticized as “blockchain lag” and “downtime,” this time it’s being fundamentally fixed.
Developer registrations have already surpassed Ethereum, with active developers increasing by 45% month-over-month.
Third thing: technicals are already compressed to the limit.
In the past 3 months, SOL was stuck between $80-$97, volatility hitting multi-year lows. Symmetrical triangle breakout upward, daily EMA first golden cross, RSI although short-term oversold, but selling pressure is shrinking.
On one side:
- Market cap of $54.6 billion, ranked 7th
- ETF continuous inflows, real institutional money
- Alpenglow upgrade + payment landing, dual drivers
- Weekly chart in “accumulation tail,” breakout imminent
On the other side:
- Fell 67% from the high, you’re afraid of being trapped
- Alameda still unlocks and transfers nearly $20 million monthly, continuing until 2027
- Macro data hot, Fed dares not cut rates easily
- Just dropped to 92.28, RSI once plunged to 13.4, panic selling is happening
Key level 94, only 10 dollars away from the critical line at 87-84.
Resistance above: 97.5 (strong pressure) → 100 → 106 → 120
Support below: 87-84 (0.382 Fib) → 80 (tested) → 78 (absolute bottom)
If you are a short-term trader:
Buy on dips around 87-84, cut losses below 78, take half profit at 97.5-100. Increase position if volume stabilizes above 97.5, stop loss at 93, target 106-120.
If you are a long-term investor:
Blindly dollar-cost average in the 80-90 range. With Alpenglow landing + ETF inflows continuing, a conservative estimate is $150-$200 by the end of 2026. But remember—Alameda is still selling every month, don’t go all-in at once.
SOL now is like ETH at the end of 2023—
Everyone complains “too expensive, too congested, doomed,” but then it upgrades + ETF doubles down, jumping from 80 straight to 400.
$91 SOL, you think it’s expensive.
When it hits 150, you’ll say: “I knew it, I should have bought at 91.” #Gate广场五月交易分享 #美国4月CPI上涨3.8% $BTC $ETH $SOL