【how to download melbet on iphone】Solana Reclaims $132: Here Are Crucial Price Levels to Watch

Solana in spotlight as key support and how to download melbet on iphoneresistance levels teased by Glassnode Advertisement

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Solana (SOL) shows signs of a bullish comeback as the coin climbed from $128 to breach the $132 resistance level. SOL soared to $134 before witnessing a correction on the crypto market within the last 24 hours.

Advertisement

Glassnode highlights key Solana support levels

Glassnode, a leading on-chain platform, has X-rayed the charts formed by Solana, particularly the UTXO Realized Price Distribution (URPD) metric. The analysis reveals key price levels that traders and investors must monitor as SOL witnesses a rebound.

#Solana’s URPD shows a major shift in cost basis over the past two days, forming the largest supply cluster (>5%) at $129.79 with over 32M $SOL. This zone could act as a support during future drawdowns, reflecting high investor engagement at this price level. pic.twitter.com/mrunKSjKZL

— glassnode (@glassnode) April 15, 2025

For perspective, URPD reveals how much of Solana was last moved at different price levels. It maps out the price at which investors bought or transferred their SOL holdings and helps identify support and resistance zones.

Related Wed, 04/02/2025 - 15:34 Solana (SOL) and Chainlink (LINK) Allegedly Added for PayPal's U.S. Customers Alex Dovbnya

Glassnode’s data shows that over 32 million SOL were transacted at a market price of $129.79. Therefore, this price level currently has the largest concentration of supply.

Since many investors bought the coin at this zone, if the price of SOL fluctuates and drops to $129, many in the crypto space could either hold or buy more.

This zone can serve as a support level during future pullbacks for the digital currency.

$144 resistance looms as profit-taking zone

The on-chain platform also identified other lower support bands for SOL. Notably, about 3% of Solana’s circulating supply was moved at the $117.99 level, which accounts for 18 million SOL in investors' hands.

A dip in price to $118 could spark concerns, as investors who entered at $129 and $118 might begin considering dumping the asset to cut their losses.

Another critical price level is the $144 resistance zone, which could trigger selling pressure in the Solana ecosystem. At this point, approximately 4.76% of Solana's supply was last moved.

Related Tue, 03/25/2025 - 16:01 BlackRock Expands Blockchain Footprint to Solana Godfrey Benjamin

Some market participants want to sell to break even or profit at this level. How Solana’s investors react at these levels could determine the height of the current rebound.

Due to market volatility, the Solana price was changing hands at $132.40, while trading volume dropped by 16.04% to $3.62 billion. If investors maintain buying momentum, it could test the $135 resistance level.