For those thinking in the medium/long term, a drop can be a good time to study the asset more closely and consider staged entries, instead of trying to guess the bottom.
If you opened the market today and saw everything in the red, don’t worry. 👀
🟠 $BTC fell 🔵 $ETH fell 🟣 $SOL fell 📉 And several altcoins followed the move.
But there’s something important:
when multiple cryptos fall at the same time, the problem isn’t always with each individual project.
The crypto market also reacts to macro factors, such as:
💵 Interest rates and U.S. bonds 🛢️ Oil prices 🌎 Geopolitical risk 💰 Investors’ appetite for risk assets 📊 Liquidations of leveraged positions
Today, for example, the sell-off was accompanied by a rise in Treasury yields and greater macro concern.
🧠 Lesson: before looking at a drop and thinking “this coin is dead,” try to understand whether we’re dealing with a specific project issue or a broader market move.
Are you seeing this drop as an opportunity to study, or do you prefer to wait for the market to stabilize? 👇
🤔WHY CAN SOLANA HAVE DEMAND EVEN WITHOUT “GOING UP”?
One interesting thing about Solana is that the network’s utility value doesn’t depend only on people buying $SOL to speculate.
When there is activity in the ecosystem — DeFi, DEXs, apps, NFTs, etc. — there is a need to process transactions and pay fees, creating operational demand for the token.
But there’s a point that many people ignore:
network activity ≠ guaranteed price appreciation of $SOL .
To analyze $SOL for real, it’s worth tracking things like:
SOL is being traded in the US$ 117 region this Thursday, September 24. In the last 24 hours, the coin has risen by about 2.8%, as the market tracks the recovery after the low near US$ 112.70.
📊 Levels to watch:
🟢 US$ 117 — current price 🔴 US$ 119–120 — resistance zone 🟡 US$ 112–113 — recent support zone
The interesting point now is to watch volume and the price reaction near US$ 120. A strong move in this area could draw more attention to SOL, while a rejection may bring volatility back.
👀 Can SOL break above US$ 120 or will we see another pullback?
The crypto market started the day under pressure, with Bitcoin pulling back toward the US$ 84k area. Meanwhile, some altcoins saw even larger declines. 📉
But there’s an interesting point: even with the correction, $BTC continues to concentrate a relevant share of market liquidity.
🔎 What I’m observing right now: • $BTC holding the US$ 84k area • More pressure on altcoins • Market still in “Greed” territory • US interest rates continue to weigh on risk assets • Volume and reaction over the next few hours will be important
⚠️ I don’t see this move as a reason to jump into the market impulsively. In times of volatility, patience and risk management can matter more than trying to nail the bottom.
$BTC is still the coin I’d watch most closely today. 👀
And you: do you think this correction is just a breather, or could the market keep falling?