Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range? 📊
According to recent data from Glassnode, Solana ($SOL) has shown a significant shift in its cost basis. The cryptocurrency’s UTXO Realized Price Distribution (URPD) indicates that over 32 million SOL were accumulated at the price of $129.79.
This substantial price concentration suggests that $129 could serve as a crucial support level if Solana experiences market pullbacks. The concentrated supply at this price point implies strong investor interest and strategic accumulation, which might influence Solana's short-term price range and stability.
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