Solana May Test $200 Support as $230 Resistance Shows Signs of Weakness

Solana resistance around $230 is weakening because heavy profit-taking and clustered long liquidity between $200–$220 have absorbed buys; SOL’s short-term bid is fragile, with on-chain metrics (NRPL, realized losses) showing capitulation risk while $200 remains the critical ￰0￱ faces a weakening $230 resistance due to realized profits and low rotational ￰1￱ risk: $200–$220 long clusters could trigger a retest of $200 if bids fail to hold. On-chain data: ~$1.03 billion realized at ~ $234 and NRPL flip showed ~ $1.7 billion realized ￰2￱ resistance analysis: Solana resistance at $230 is weakening amid heavy profit-taking and clustered longs; read our data-driven breakdown and what traders should ￰3￱ ￰4￱ is causing Solana’s $230 resistance to weaken?

Solana resistance around $230 is weakening because large profit realization and a lack of rotational buying reduced bid support. On-chain indicators show concentrated long liquidity and realized losses that increase downside vulnerability while buyers reassess risk around the $200–$230 ￰5￱ could SOL move before the next leg up? SOL could retest $200 if the $200–$220 long cluster is flushed. Short-term dynamics: a sell-off clears weak hands, potentially enabling a later push toward $250–$300, but only if bulls re-establish $200 as firm support and rotational flow returns. , Solana’s $200 support tested by heavy long positioning So far, Solana has been the most exposed to capitulation ￰6￱ flipped red at the back end of September as price broke below $224, triggering roughly $1.7 billion in realized losses and accelerating sell-side ￰7￱ profit-taking followed the run-up: on 2 October, nearly $1.03 billion in SOL were realized around $234, meaning approximately 4.4 million SOL changed ￰8￱ immediate reaction pushed SOL down to $228 (about -2.5%), showing the resistance wall at $230 struggled to absorb selling.

On-chain distribution matters: around 5% of supply remains clustered at $224. With $200 million in overexposed longs concentrated in the $200–$220 range, the risk of a move toward $200 remains material if bids fail.) The market is shrugging off rotational bids, and on-chain data shows investors avoiding ￰9￱ Altcoin Season Index fell four points to 67 at press time, highlighting muted risk appetite and constrained alt ￰10￱ capitulation, SOL bounced ~18.5% off $200, with bulls briefly turning $200 into support and testing $230. But resistance around $230 remains a near-term ceiling unless rotational buying and fresh bids return.) flips, large realized-loss events (~$1.7 billion in this episode) and concentrated supply at specific price points (e.

g., 5% at $224) are classic capitulation ￰11￱ Takeaways Resistance weakness : Heavy profit-taking near $234 weakened the $230 resistance and removed buying ￰12￱ vulnerability : $200 is critical; $200–$220 long clusters ($200M) raise retest ￰13￱ Solana resistance at $230 is under pressure as realized profits and concentrated long liquidity increase downside ￰14￱ on-chain NRPL, realized-loss events and the $200–$220 long cluster for clues; if $200 holds, SOL could clear weak hands and target higher levels in ￰15￱ will monitor updates and on-chain flows. Published: 2025-10-04 | Updated: 2025-10-04 | Author: COINOTAG