Here Are The Support And Resistance Price Levels To Keep An Eye On

Here Are The Support And Resistance Price Levels To Keep An Eye On

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Solana price procedures are formed through the investor’s behavior at the main price levels, and it also revealed new data on the series of Glassnode. Large groups of merchants have been formed on both ends of the current trading range, which now plays a major role in how Solana moves in the short term. This is especially true as the Solana trade activity in general and The market participation continues to slow down.

144 dollars adopting the resistance when the sellers line up with success

according to URPD chart from Glassnode, The distribution of Solana supplies reveals a sharp set of holdings at $ 144, with a concentration of 27 million Sol, approximately 5 % of the total offer, currently. This level has now become a test to resist Solana’s work in the past few days.

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What makes this region particularly important is its historical context. On January 19, when Seoul reached his highest level ever, this same level was already 20.6 million symbols. The height of the holdings since then indicates that many investors are sitting near the entry points and may tend to sell as soon as the prices are reviewed 144 dollars to break even. This creates a psychological barrier that can stop or even reverse gatherings if the upscale momentum proves very weak so that it does not overcome profits in this region.

Under this resistance, another major supply wall lies at $ 135, where 26.6 million Sol is currently being held. Combating, these two areas are likely to turn on the upward movement unless the size increases significantly or that there are new emerging events that attract stronger demand.

image From x: Glassnode

Long -term holders boost positions to form strong support at $ 112

Solana price support is also formed With noticeable strength, especially around a $ 112 region. Glassnode data shows that 9.7 million Sol, about 1.67 % of the offer, is now placed at this level. Once on January 19, only 4 million Sol icons were held here.

Therefore, the increase to 9.7 million Sol symbols means that in the long run investors have doubled and enhanced the basis of cost After declining in recent weeks. This indicates a high possibility to defend prices in the face of the pressure pressure, as it is likely that these female jersey are committed to maintaining their positions instead of lowering losses.

Less than $ 112, however, The safety net begins to be thin. The range of 94 to 100 dollars combined is approximately 21 million sully, but under it, there is a wide vacuum. Between $ 94 and $ 56, the supply excels greatly, indicating a possible “air jeep” in price movement. If the $ 100 mark collapses, Solana may face a strong decrease due to the lack of a strong interest in the buyer in this lower range.

Sol Market Cap is currently at $ 68.2 billion. table: Tradingvief

What increases the complexity of the decreasing view steadily from Solana, which has now sank to the lowest point in five months. This scale, which tracks the number of times the Sol changes, has returned to the levels that were last seen in October 2024.

This sharp decrease in trading reflects a clear decrease in investor participation. This enlarged activity exacerbates the homosexuality, which indicates that even with support at 112 dollars, the silent market response may limit recovery efforts.

Sol: Speed. Image from Glassnode

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At the time of writing this report, Solana is trading at $ 131. Solana has spent the past seven days trading between the upper end of $ 135 and the bottom end of $ 122.

Distinctive image from Coins.ph, TradingView graph

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