The decline followed the company’s announcement of a registered direct offering expected to raise around $12 million, with no clear statement on how the proceeds will be used.
The stock, recently priced at $0.29 per share, hit a low of $0.24, its weakest since January. This comes just a month after VisionSys unveiled its ambitious plan to build a Solana treasury worth up to $2 billion, beginning with a $500 million SOL acquisition over the first six months.
However, the firm has not reported any purchases, raising doubts about the status of its Solana-linked initiative.
VisionSys also announced a partnership with Marinade Finance, a leading Solana DeFi protocol managing more than $2 billion in assets.
SOL Price Analysis: Significant Bullish Potential
The chart below shows SOL consolidating within a descending channel, with price action recently attempting to break out to the upside.
If Solana holds its footing around the $150-$155 range, it could confirm a reversal setup, resulting in a major rally toward $400, a potential 157% gain.
Source: TradingView
However, the RSI hovers near 37, indicating short-term weakness. A possible dip to $130-$135 could retest long-term support before bulls regain full control. The MACD remains in negative territory but shows signs of flattening.
A breakout with significant volume above the $175-$185 resistance zone could likely trigger a stronger accumulation rally, targeting $250 first, followed by $400.
SOL Eyes Breakout as New Bitcoin Project Prepares for Launch
While Solana flirts with a breakout toward $400, Bitcoin Hyper ($HYPER) is stealing the spotlight by using Solana’s high-speed tech to unlock a new era for Bitcoin.
Built as a Bitcoin Layer-2, HYPER lets users send and receive BTC with near-instant finality – no more slow, costly transactions.
Powered by the Solana Virtual Machine (SVM), it brings blazing-fast speed and scalability to Bitcoin, enabling DeFi, NFTs, meme tokens, and more without compromising BTC’s security.
With $27 million raised and counting, Bitcoin Hyper is proving there’s massive demand for a faster, smarter Bitcoin ecosystem.
At the core of the ecosystem is the $HYPER token which powers everything, including transactions, staking, governance, and decentralized applications built on the network.
