One of the most discussed cryptocurrencies in recent times has definitely been Solana ($SOL), especially since its all-time-high (ATH) in January 2023. As the $SOL market continues to form, dissecting its supply distribution and identifying the main price level concentrations can yield some insightful potential support and resistance zone nuggets. The very latest from the Solana analyst team involves taking a look at the Unspent Realized Price Distribution (URPD) chart and seeing what it is telling us about the main supply level and key price action concentration developments. Key Support Levels for $SOL: The Case for $112.10 and Below When evaluating Solana’s all-time high (ATH) reached on January 19, 2023, and looking at the supply that was in distribution at the time, there are key levels of support and resistance that investors should be aware of. One standout price point is $112.10, where there were approximately 9.7 million $SOL (about 1.67% of total supply) at that level. When Solana was at its ATH, this price level was holding up with around 4 million $SOL, which means that the level likely has some concentration of long-term supply held by investor types that want to hold $SOL for the foreseeable future. Since the ATH, this level has seen an increase in $SOL held, meaning that if these long-term holder types still have the same outlook on $SOL, then $112.10 is very likely a level that they will defend as long as the cryptocurrency remains under the control of bulls. Should $SOL come close to this level once more, long-term holders may step in to prevent any further price declines. This might allow for the price to just stabilize and not continue to drop. So, watch for any price action that approaches this level. #Solana 's URPD chart highlights key price levels where $SOL supply has concentrated, offering insight into potential support and resistance levels. Let's examine how supply distribution has changed since January 19, when #SOL reached its ATH. pic.twitter.com/F0r2Z15v7G — glassnode (@glassnode) March 19, 2025 Nonetheless, should $SOL not maintain above $112.10, it runs the risk of facing even further downward price movement. Looking at the below-$112.10 supply distribution, there is another vital support zone between $94 and $100 that has accumulating supply. This range is based on the fact that almost 21 million $SOL, which is about 3.5 percent of the total $SOL supply, lays claim to this zone. However, the selling pressure that might come from this layer of supply could create a problem for $SOL because it is using this supply to try to hold itself up. If that selling pressure does come, then $SOL could wind up pricing itself down into the above-mentioned air pocket. Accumulation and Resistance Levels: Eyes on $123, $126, $135, and $144 The recent price action has indicated that higher price points are more in demand than seems apparent. Accumulation at significant levels in recent price action suggests that the markets are inclined to act positively at these key price points (potentially even sooner rather than later). Accumulation around key price points: Accumulating supply at recent price points suggests demand is definitely starting to pick up at these levels. If we don’t plunge through these price points, the signals we are now receiving could indicate the overall market intent to price $SOL significantly higher than it’s recent run up when it was priced below $90. Yet, the most crucial price levels to keep an eye on are those where resistance has been forming. One such level is $135. An estimated $26.6 million worth of $SOL is concentrated there. That makes it a big price hurdle for $SOL to climb. If and when $SOL gets to $135, it’s pretty probable that those who bought in and have held might try to exit at this price level. More troubling is another price level: $144. This is where approximately 27 million $SOL is concentrated, totaling around 5% of the overall supply. Conclusion: Navigating the $SOL Market with URPD Insights Solana’s recently analyzed URPD chart offers excellent information about the concentration of supply for $SOL. It gives us insight into where key potential support and resistance levels lie. The $112.10 level appears to be a very strong support zone for long-term holders of $SOL, while the region between $94 and $56 is risky due to an apparent lack of significant supply. On the upside, we have four levels that look like key resistance zones: $123, $126, $135, and especially $144. These are the four levels that $SOL needs to get above in order to change the overall trend from bearish to bullish. It is vital for traders and investors to comprehend these key levels if they are to navigate the current market conditions. Two questions are particularly pressing: 1. Will Solana (SOL) find strong support in these price areas, or conversely, will it face a high wall of resistance as it tries to recover from its recent downtrend? 2. What will long-term holders and new market entrants do? Their actions—and those of Solana itself—will likely determine this token’s immediate price trajectory. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
