So, Solana decided to play the emotional rollercoaster this past week, zooming up more than 20% after flirting desperately with the $100 support zone on April 9. It’s like that friend who swears they’re “over it” but keeps checking their ex’s Instagram. Meanwhile, investors are eyeing some seriously juicy price action like it’s the last slice of pizza.
Solana’s Supply Cluster Is Basically the Party Everyone’s Crashing
Glassnode—the analytics whiz that knows what’s happening under crypto’s hood—has dropped some data bombs that nobody asked for but we all need. Their latest gossip? Solana’s price zones are turning into prime real estate for investors who apparently have been hoarding SOL like it’s the end of the world. Or, you know, just the start of a market shift.
Digging into the UTXO Realized Price Distribution (URPD)—which sounds fancy but really just means “where the heck is everyone hanging out with their coins”—Glassnode found that Solana’s largest-ever supply cluster just popped up. Think of it as a cryptic congregation of 32 million SOL tokens chilling at around $129.79, holding hands and ready to either support prices or block any upward move. Drama central.
This cluster is critical because it’s like the casino table where buyers and sellers are betting their chips. If this zone holds, it’s support; if not, well—prepare for some chaos. The next big hangout is at $144.54, where another 27.5 million SOLs are partygoers. Above them, the hype is strong; below, things get sketchy around $117.99, where 18 million SOLs wait nervously. Basically, Solana’s price is juggling these three love interests: $117, $129, and $144.
SOL’s Got Moves: Is This the Bounce We’ve Been Waiting For?
Despite all this drama, crypto analyst Ali Martinez thinks Solana might just be warming up for a glow-up. Martinez’s crystal ball? A TD Sequential buy signal blinking merrily on the weekly chart—basically crypto-speak for “things might actually get good soon.”
Already twice in one week, this signal has flashed “buy,” even though SOL has been throwing tantrums price-wise. According to Martinez, as long as SOL doesn’t drop below $95 and manages to leap past $121, it’s primed to chase a $147 cameo. Fingers crossed this isn’t another “fake out” like my last Tinder date.
Read More
- EUR CNY PREDICTION
- USD MXN PREDICTION
- USD THB PREDICTION
- IP PREDICTION. IP cryptocurrency
- Why XRP Might Just Become the Next Bitcoin (Spoiler: It’s Wild!)
- RUNE PREDICTION. RUNE cryptocurrency
- MUBARAK PREDICTION. MUBARAK cryptocurrency
- 🚨 Crypto Exchange Drama: OM Token’s Wild Ride Leaves Everyone Scratching Their Heads 🎢
- GOAT PREDICTION. GOAT cryptocurrency
- The Rise and Fall of FARTCOIN: A Financial Comedy Show!
2025-04-17 05:12