What Is Support Level?

A support level is a price point where buying pressure historically prevents further price decline. Support levels form because traders and whales view these prices as attractive entry points. In on-chain analysis, support can also be identified by looking at price levels where large whale wallets accumulated their positions — whales often defend these levels to protect their investment. Sonar Tracker token analytics show historical whale entry prices, helping traders identify on-chain support levels that complement traditional chart analysis.