Why $197.64 Support May Tell If Solana Price Crash End or Deepen?

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.