📉 The last few days have been a shock for SOL holders: the price has fallen from $290 to $190, causing panic in the market. Some are already calling this the “beginning of the end,” but is it really worth panicking? Let’s figure it out.
🪦Why did SOL fall?
1️⃣ High leverage
Many traders opened positions on the rise of SOL using margin trading. But when the price went down, exchanges started liquidating positions, which further exacerbated the decline.
2️⃣ Profit fixation
After a strong rise over the past year, investors have started to take profits. SOL was trading at $20-30 back in 2023, and those who bought then are now simply selling at the high.
3️⃣ General market correction
This is not just a Solana problem. Bitcoin and Ether have also declined, and this is part of the natural market cycle.
What do the big players say?
🔹 Glassnode analysis: the number of long-term Solana holders who do not sell even during the decline is growing.
🔹 Coinglass data: liquidations of positions on SOL per day amounted to over $200 million, which may mean that weak hands have already left the market.
🔹 Whale Alert: large wallets continue to accumulate SOL, rather than dump it.
What will happen next?
🔮 Scenario 1: Quick recovery
If SOL consolidates above $200, it is a signal that big players are buying again. In this case, a recovery to $250+ could be quick.
⚠️ Scenario 2: deeper correction
If the $180 level fails, a pullback to $150-160 is possible before a new wave of growth.
How to act in such a situation?
✅ Not selling in a panic is always a bad idea.
✅ Monitor support levels and market reaction.
✅ Use DCA (data-averaged entry strategy) instead of going all-in.
💬 What do you think? Are you buying SOL at this drop or waiting for it to go even lower? Write in the comments!
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