Solana (SOL) is experiencing significant pressure as $200 million in long positions threaten its key support levels. On-chain data indicates substantial profit-taking at $234 on October 2, resulting in a 2.5% decline to $228. The cryptocurrency faces resistance at $230, with over 5% of its supply still positioned at $224, increasing the risk of a potential drop to $200. A breakdown to $200 could clear weaker positions, potentially setting the stage for a rebound. If Solana manages to recover from this level, it could pave the way for a move towards the $250–$300 range, offering a potential upside for investors.