Shares of VisionSys AI (VSA), a publicly traded brain-machine and artificial intelligence company with past ties to Solana, have crashed more than 77% on Wednesday, extending their five-day slump to 88%.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
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.
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.
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.
During the presale, investors have access to staking rewards of up to 43% APY as well.
To buy $HYPER at the current price of $0.013265 per coin, visit the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.
After connecting your wallet, you can either swap crypto like USDT or SOL, or simply use a debit or credit card to complete your purchase securely.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
