- Solana faced great resistance at $ 135 and $ 144, with approximately 5 % of the total offer.
- The main support at $ 112 and $ 126 may stabilize the low prices, but the collapse may lead to less than $ 94 to a sharp decrease.
Solana [SOL] Traders and investors closely watch the latest data on the series, as assets move at decisive price levels.
UTXO investigators distribute highlighting the supply of different prices, providing an insight into potential support and resistance areas.
Understanding these critical levels as Sol attempts to stabilize the prediction of its next movement can help.
Solana accumulation and support areas
One of the main accumulation areas for Solana About 112.10 dollars, with about 9.7 million sully concentrated, or 1.67 % of the total offer,.
As of January 19, this level has already held about 4 million Sol, indicating that in the long run investors enhance their positions.
Historically, these accumulated areas often work as strong support, as investors may seek to protect entry prices and reduce more declines.
Additional support levels are about 94 dollars, $ 97, and $ 100, which together represents approximately 21 million sully or 3.5 % of the circulating offer. If Sol is under pressure, these levels may be decisive floors.
Under this range, The concentration of supply It is the minimum even about $ 56. This lack of liquidity indicates that a break of less than $ 94 can lead to a sharp sale.
Resistance and pressure sale
On the side of the resistance, there are great concentrations in the offer at $ 135 and $ 144.
The level of $ 135 includes about 26.6 million Solana in holdings, while he owns $ 144 of approximately 27 million Sol, and constitutes approximately 5 % of the offer.
Source: Glassnode
These levels were large accumulation areas before, as many investors may aim to sell at a tie prices. This can lead to the formation of strong resistance.
In addition, URPD data highlights the last accumulation at $ 123 and 126 dollars, reflecting the holdings of 16.2 million Sol (2.7 % of the offer) and 19 million Sol (3.2 % of the offer), respectively.
As a result, these levels may provide stability in the short term and act as resistance points, especially if the bullish momentum is weak.
How can Sol direct
Solana Current procedures for the price indicate a battle between bulls and bears in these decisive supply areas. If purchasing benefits maintains specific support levels, Sol may try to pay the previous resistance near $ 135 to $ 144.
Source: TradingView
However, failure to keep more than $ 94 can expose the original to an increase in negative risks. Traders should monitor the directions of size and liquidity areas carefully to measure the next important step of the original.
With these supply concentrations determining, the coming days will determine whether Solana can restore high price levels or face further decline.
