- Solana’s $217 support is the main level traders are watching as volatility and uncertainty rise across the market.
- Analysts believe a dip toward $215–$210 could trigger a major rebound as short sellers grow overconfident and longs reset.
- Strong buyer interest near $217 shows traders and whales are defending key zones, keeping hope alive for a possible recovery.
Solana (SOL) is once again at a critical price level with the possibility of the token holding above $217. According to analyst Ali, this price zone will determine if Solana rebounds higher or breaks lower.
The token’s recent performance showed both strength and weakness. During the latest trading session, SOL opened near $217.50, climbed to $238, but later pulled back sharply to close at $220.64, marking only a 0.35% daily gain.
Strong Volatility Defines Solana’s Trading Day
Solana showed significant volatility during the session, with prices fluctuating by around $21 between the high and low. Early trading was controlled by buyers, who drove prices above $230. However, sellers swiftly grabbed control at $237, imposing significant resistance. Ali emphasized the significance of this level as a short-term pivot by stating that “$217 will decide whether Solana rebounds or breaks down.”
The chart showed recurrent rejection at about $232 USDT, where buyers made several tries but were unable to break higher. Buyers are still drawn to support levels between $226 and $217.50, indicating that institutions and whales are protecting important areas. The price movement fluctuated between $226 and $232, indicating a consolidation phase in which bears and bulls are vying for dominance.
Analysts See Key Opportunity at $215–$210 Zone
Market analyst DD pointed to a massive level of interest between $215 and $210. He explained, “Many longs are trying to catch the bottom but without success so far. If we get slower price action into those levels while longs capitulate and shorts get overconfident, this becomes a major long setup back toward the highs.”
This finding implies that careful traders might discover the perfect re-entry chance for a possible rebound if Solana dips a little lower. Additionally, on-chain mood indicates that traders are still involved and active, remaining cautiously optimistic.
