When the broader market drags down the value of leading Layer 1 assets, even the projects with the strongest momentum are affected.
What is happening with $SOL reflects a massive outflow of capital, with every recovery attempt running into relentless selling pressure. Breaking below previous levels without finding a respite shows that liquidity has contracted sharply across the entire ecosystem.
In scenarios like this, rushing into trades only accelerates mistakes, while the chart continues searching for a true bottom to mark the end of this deep correction and allow the market to fully reset.