$SOL / USDT – Buying Opportunity During Strong Correction?

While the market is panicking over Solana's sharp drop from a peak of $150.39 to $140.70 (down -4.77%), many long-term investors see a potential opportunity to participate. Such corrections are often an overreaction by the market, especially after hot uptrends.

Although the drop has broken through several short-term support levels, $140.00 remains a strong technical support area that has performed well in previous phases. If the price holds above this level or forms a double bottom pattern, it could signal a recovery back to the $145–$150 range in the short term.

Instead of panicking, traders should watch for signs of RSI divergence, reversal candlestick patterns, or signals from trading volume to confirm a safe entry point. Waiting is reasonable, but with proper risk management, this could be a time to "buy when others are fearful."

Note: Always set a reasonable stop-loss (e.g., below $138) to protect capital in case the market continues to weaken. But if $SOL holds steady above the support area, the potential for a rebound is significant.