The Buzzing Bee

NVIDIA (NVDA) Weekly, Long-Term Bearish - An Easy Short
Here we have the NVDA chart on the weekly timeframe. This view will give us a better understanding as to what is possible in the long-term, much better than looking at the chart too close which can lead to confusing and wrong interpretations. When in doubt, zoom out.
There are lots of signals to consider but we will not review them all, let's focus on some basics as this should be enough.
The first is the trend, a long-term uptrend. Now compare this with the trading volume. For years, NVDA has been going up while volume has been going down, almost three years with this type of divergence. This is a bearish signal and it shows that year after year the stock is losing buying power, less and less participants are engaging this stock.
When people stop buying, positive momentum runs out and the market changes course.
The RSI peaked March 2024, more than two years ago, and it has been dropping since. This is a very, very strong bearish divergence. As NVDA is trading close to its all-time high yet the RSI is so advanced going far down; this shows that we are witnessing a change of trend—a bear market—rather than a simple down-move or correction.
Many people will say that it all depends on the earnings but, I trust the chart. Regardless of the earnings, regardless of any temporary hype or news report, the chart is saying down and down the stock goes. It can take a while, but the chart never gave us a specific date. The chart only said that the bullish cycle has been exhausted, the trend will soon reach its end. This is according to the chart. We will know what actually happens based on the results. The earnings were good so, shouldn't NVDA be going up?
The stochastic, weekly, peaked in April while this month we have a lower high, another bearish divergence. It is already moving straight down and this supports additional bearish action. Can be 2-3 months or years, who knows? It is always a balance of the action that preceded it.
We can be witnessing a correction for the rise that started April 2025, this would be short-lived, several months of bearish action at most. We can also be witnessing the correction of the bullish cycle that started in October 2022, in this case, anything goes. Trust the chart.
NVIDIA is going down, that is what the chart says.
We wait and see. An easy short.
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$NVDA
$BTC
$BNB

$SOL just got hit hard, dropping 3.69% to $89.46 on explosive volume — nearly 88x the 7-day average.
At first glance, that looks brutal.
But beneath the red candle, institutions are still buying, liquidity is entering the chain, and Solana’s biggest upgrade is moving forward.
This is where the story gets interesting.
🔹 Technicals Are Weak Short-Term
SOL is sitting right near the $89–$90 support zone, with stronger defense around $88.
A clean break below $88 could open downside toward $84, and if pressure gets worse, analysts are watching the major bullish invalidation level near $78.
Momentum indicators are already deeply stretched.
The 4-hour chart shows oversold readings on CCI and Williams %R, suggesting a possible short-term bounce.
But trend indicators still show bears in control, with PDI below MDI and high ADX, meaning the downtrend remains active for now.
Resistance is sitting around $92–$93.
The bigger trigger is $98.
A daily close above $98 could signal the correction is ending and reopen targets near $107 and $117, especially if the larger monthly cup-and-handle structure continues to hold.
🔹 Institutions Are Still Stacking SOL
While retail watches the red candles, Solana ETFs are quietly printing inflows.
Solana spot ETFs have now recorded 11 straight days of inflows through May 14, bringing in more than $100 million this month.
On May 11 alone, inflows hit $26.57 million, the strongest single-day inflow in over two months.
Total cumulative inflows have now crossed $1.12 billion.
Even bigger?
Dartmouth College’s $9 billion endowment disclosed a $3.3 million position in the Bitwise Solana Staking ETF.
Earlier this year, Dartmouth had over $10 million in Bitcoin ETF exposure and reportedly no Solana position.
Now the rotation is expanding from BTC-only exposure into multi-crypto positioning.
That matters.
The Bitwise Solana Staking ETF also passes validator rewards to shareholders, giving institutions both price exposure and staking yield.
🔹 $500 Million USDC Minted on Solana
Circle just minted $500 million USDC on Solana in one day.
First came a $250 million USDC mint.
Then another $250 million followed the same day.
These treasury mints are usually tied to institutional dollar deposits and often appear before increased on-chain trading activity.
It does not mean every dollar is deployed instantly.
But the signal is clear:
Fresh liquidity is moving toward Solana, not away from it.
🔹 Alpenglow Upgrade Enters Testnet
Solana’s biggest consensus upgrade ever, Alpenglow, entered validator testing on May 11.
This upgrade targets a massive improvement in finality speed.
Current finality is around 12.8 seconds.
Alpenglow aims to reduce that to roughly 150 milliseconds, with some stable conditions showing confirmation times near 100 milliseconds.
That puts Solana much closer to traditional payment-rail speed.
Key components like Votor and Rotor are designed to improve validation and block propagation.
Mainnet deployment could arrive as early as Q3 2026.
This directly addresses two of Solana’s biggest institutional concerns:
network reliability and scalability.
Interesting timing?
ETF inflows surged the same day Alpenglow hit testnet.
That does not look random.
🔹 Macro Is Still the Problem
The bullish setup is real.
But the macro storm is also real.
A global bond selloff is tightening financial conditions.
The dollar is strengthening.
Rate hike expectations are rising.
Crypto is getting hit alongside risk assets and tech stocks.
So SOL is trapped between two forces:
short-term bearish technicals and macro pressure…
versus strong institutional accumulation, fresh stablecoin liquidity, and a major network upgrade.
🔥 Bottom Line
Solana dropped 3.69% on huge volume and is now fighting to hold the $88–$90 zone.
If $88 breaks, downside toward $84 and possibly $78 comes into play.
But if SOL reclaims $98, the structure flips back toward strength, with $107 and $117 back on the radar.
At the same time:
✅ SOL ETFs pulled in $100M+ this month
✅ ETF inflows hit 11 straight days
✅ Cumulative inflows crossed $1.12B
✅ Dartmouth disclosed a $3.3M SOL staking ETF position
✅ Circle minted $500M USDC on Solana in one day
✅ Alpenglow entered testnet with 150ms finality target
The chart says caution.
The institutions say accumulation.
The upgrade says long-term conviction.
Now the real question is simple:
Is this SOL dip a warning sign… or the kind of fear institutions quietly buy before the next leg higher?
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$SOL
$VET