Solana Near $197 Support as Symmetrical Triangle Signals Possible Breakout or Breakdown

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  • ~32.81M SOL last moved near $197.64 — a major accumulation/resistance node.

  • Symmetrical 4H triangle signals an imminent breakout; key targets are $216 (upside) and $187 (downside).

  • 24h volume > $4B; market cap slipped from $114B to $109B over two days, showing cooling momentum.

Meta description: Solana $197 support is the key level traders watch for a breakdown or rebound; read actionable analysis and next targets. (150-160 chars)

Solana moves past the pivotal $197 support — will bulls defend or is a breakdown looming?

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  • Around 32.81M SOL last moved near $197.64, signaling strong potential resistance on retest.
  • URPD data reveals dense cost bases between $130–$180, creating friction for upward momentum.
  • Symmetrical triangle on 4H chart signals imminent breakout; $216 and $187 as key zones.

Solana’s price is teetering at $202.23 with a 24-hour dip of 0.79% and a 1.54% weekly gain. As on-chain pressure builds, traders are focused on whether $197 holds as support or if a deeper retracement will unfold.

What is Solana’s $197 support level?

Solana’s $197 support is a high-volume URPD node where approximately 32.81 million SOL last moved, marking it as a pivotal breakeven and accumulation area. If that level holds, buyers can target a retest of $216; if it fails, expect deeper tests toward $187 and the $182–$185 demand zone.

How does URPD show accumulation and resistance?

URPD (realized price distribution) maps where coins last moved, highlighting cost-basis clusters. In Solana’s case, a dense node near $197.64 represents roughly 5.46% of circulating supply (32.81M SOL). Such clusters often act as resistance on rallies because holders may sell to avoid losses or take profits.

$197.64 is the most important support level for Solana $SOL! pic.twitter.com/k7RULfglNT — Ali (@ali_charts) September 6, 2025

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Secondary accumulation zones populate the $130–$180 range, offering potential supports in a deeper pullback. An earlier spike around $4.75 suggests historical capitulation buying from early-cycle holders, reinforcing the multi-tiered support structure.

On the 4-hour chart, a symmetrical triangle indicates tightening volatility and an imminent directional move. An upside breakout would likely push SOL toward $216.95, targeting previous resistance levels. A downside break would first test the $197.13 high-volume node and could extend to $187.94.

SOL trades near $202.06 with 24-hour volume exceeding $4 billion. Market cap eased from $114B on Sept. 4 to $109B on Sept. 6, indicating cooler momentum. Institutional developments include SOL Strategies receiving Nasdaq listing approval after exiting OTCQB, with the firm holding 435,064 SOL and over 3M SOL staked via validators.


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Source: https://en.coinotag.com/solana-near-197-support-as-symmetrical-triangle-signals-possible-breakout-or-breakdown/