Many people cannot get past this point.
Looking at the structure after the drop, you will see that the price is no longer being sold off continuously. Instead, it is holding steady with small rebounds. This is a sign that short-term supply is dwindling. Those who were swept before will hesitate to re-enter, creating a liquidity gap. When the gap is large enough, only a moderate push is needed for the price to break out very quickly. SOL has done this many times in the past.
SOLUSDT
Perp
124.6
+0.68%