Solana Crashes to $177 – Blood in the Streets or Black Friday for Crypto Buyers?

Solana's price just nosedived to a critical $177 support level—panic selling or generational buying opportunity?

Here's what the charts aren't telling you.

The Bull Case: Every institutional trader secretly hopes retail gets scared here. Solana's tech stack remains the Ferrari of blockchain—when the market flips bullish again, this could be the last sub-$200 entry.

The Bear Trap: 'Support levels' in crypto are just mass psychology written in crayon. If Bitcoin keeps dumping, SOL could become another 'fundamentals don't matter' casualty.

Bonus Truth Bomb: Wall Street invented 'buy the dip' so you'd hold their bags. But sometimes... the dip buys you.

Is It A Good Time To Buy SOL?

There is a chance that SOL will grab liquidity at the $175-$177 price level and then make an ascent back to the $200 price point. On the other hand, there is also a possibility that investors will continue to sell, given the current bearish market environment.

Solana’s (SOL) and the larger market’s latest price dip comes amid a surge in profit-making. Bitcoin (BTC), XRP, and BNB have hit new all-time highs over the last two weeks. Investors had likely begun to exit their positions after the rally.

While buying the dip is a solid investment strategy, there is a chance that SOL will continue to dip over the next few days. Investors are likely waiting for the next Federal Open Market Committee (FOMC) meeting scheduled for July 29. The FOMC meeting minutes will give clues on the Federal Reserve’s monetary outlook. The crypto market could experience a rally if the Federal Reserve decides to cut interest rates.

Waiting for a few days to have more clarity on how the US monetary policy pans out could prove to be a good entry strategy. President TRUMP recently visited the Federal Reserve to meet with Fed Chair Jerome Powell. The meeting has reportedly turned out to be quite confrontational. How the Fed advances with its monetary policy will be clear over the next week.