Solana traders are watching the $171 level closely, which has emerged as a significant support zone, gathering a notable amount of tokens.
Key Support at $171
On-chain data shows that a substantial **12.4 million SOL tokens** were accumulated at the $171 price point. This marks it as an essential support level in the current market structure.
Importance of the $171 Level
$171 has become a notable support zone due to the significant volume of token accumulation. This creates a psychological and technical foundation that allows holders to defend this level. If $171 holds, it could foster renewed confidence among buyers.
Outlook for SOL
As Solana consolidates around the $171 level, there is an expectation for confirmation. If this level holds, it likely invites more accumulation and may lead to a bounce toward the $190–$200 range. Conversely, a drop below $171 could prompt testing of deeper support levels.
Given that a significant number of tokens are concentrated at the $171 level, traders anticipate a possible price trend reversal if this support is maintained.
