$SOL /USDT MARKET UPDATE – MAJOR DROP UNLOCKS BUY OPPORTUNITY
Current Price: $115.94
24h Change: -7.94%
24h High / Low: $136.21 / $115.11
Timeframe: 1M (Monthly)
Key Breakdown Zone: $120
Recent High: $295.83
Drop from Peak: -60% in ~50 days
Overview:
#Solana (SOL) has officially broken below the critical $120 support level, a zone that previously acted as a springboard for bullish momentum. The price is now hovering around $115.94, marking a dramatic fall of nearly 60% from its local high of $295.83.
This swift and sharp correction comes amid broader market weakness and profit-taking by early buyers. However, appears to be a bearish collapse in the short term may actually signal a golden buying opportunity for patient investors and swing traders.
Key Technical Takeaways:
Major support broken at $120
Volume thinning, possibly signaling capitulation
Historical price action suggests strong bounces from deep corrections
Long-term uptrend still intact despite monthly pullback
Opportunity Ahead:$SOL
