Can Solana Price Crash Reasons Hold $197 Support or Break Resistance?

Have you noticed the Solana price crash and wondered why everyone is suddenly talking about $197.64? Crypto analyst Ali says this is the most important level for this token right now — a true make-or-break point.

But what makes this single number so powerful that it could decide whether SOL bounces back or falls even harder? The secret lies in an on-chain chart from Glassnode.

Why $197.64 Support Became Make-or-Break Level

The Solana price crash around 3% in the last 24 hours has made one level very important: $197.64. A well-known crypto analyst says this price is the most crucial support for the altcoin.

Why? Because a huge number of tokens were bought here. According to Glassnode data, around 32.8 million SOL (5.46% of supply) were purchased near this price. That means thousands of wallets have their buying cost at $197.64.

If price stays above $197.64, most holders are still in profit and less likely to sell. If the Sol price crash today drops below $197.64, many holders go into loss, which can cause panic selling and push the dump deeper.

The rule is simple: the more people buy at this level, the harder it is for price to break it. That’s why Ali calls $197.64 the biggest “line of defense.”

Daily Chart Signals: Weakness or Hidden Strength?

• Current SOL Price as per TradingView Chart : $202 (down 3% in one day)

• RSI 53.6: Neutral, slightly bearish

• MACD: Bearish crossover, loss of momentum

• Support: $197–198 critical cluster zone

• Resistance: $210–215 tough barrier

This means the token is trading in a danger zone. Bulls must defend $197, aligning with Ali Martinez prediction. If they fail, bears could push the crash further down.

Why is Solana Going Down Today? Dump Reasons

1. Profit-Taking After Rally – In the latest Solana crypto news update , many traders booked profits after recent good news like Nasdaq listing.

2. Strong Solana Support and Resistance levels at $210–215 – Price failed to break this level and sellers stepped in.

3. Weak Market Mood – Bitcoin and Ethereum are also consolidating, pulling this altcoin lower.

These reasons explain why the price dump is happening despite strong fundamentals.

Short vs Long Term: How High Solana Price Prediction Will Go ?

In the short term, if buyers manage to hold above $197, we can expect the price to climb again toward $205 or maybe even $210. But if it fails, the market could push the price down to the $160–170 area.

That’s why many traders believe this key level will decide whether the Solana price crash continues or stops here .

Looking at the next few weeks, if confidence comes back, it might try to touch $220 or even $230.

If the ecosystem keeps growing with new projects and more users, then the price prediction has a chance to aim back toward $250–280. So the path is clear: everything depends on $197.64..

Risk or Rise Ahead: What Traders Should Watch Now

In conclusion, Sol $197.64 support is more than just a line on the chart—it’s the battlefield for altcoin's short-term fate. If bulls protect it, the coin could rebound and aim for $210–230.

If not, the market may face a steeper Solana price crash. For traders and investors, the message is clear: watch $197.64 as the key level for staying ahead of the next target.

Disclaimer: This Article is for informational purposes only, always do your own research and proper analysis before investing in any cryptocurrency.