Overview
- SOL is hovering around the high‑$220s after slipping below $230 over the weekend, with buyers having defended the $200 level since late September.
- On-chain data show roughly $200 million in long positions concentrated between $200 and $220, creating a liquidation pocket that could force a sweep of support.
- An estimated $1.03 billion in SOL was taken off near $234 on October 2, a profit‑taking wave that preceded a pullback toward $228.
- Analysts point to $245 as the next notable on‑chain resistance and see $240–$250 as the technical gate that, if reclaimed, could open targets nearer $300–$380.
- A late‑September capitulation flipped NRPL negative with about $1.7 billion in realized losses, and risk appetite across altcoins remains constrained as rotation indicators cool.