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Solana price movement has been distinguished over the past 24 hours with a decisive movement above the level of $ 135, a development that could indicate The growing bullish momentum. This penetration follows several days of side movement, as the Solana price was traded in narrow limits between $ 124 and 135 dollars.
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Although the last step Above this monotheism area Hints in a possible ascending continuation, the data reveals the chain that a large resistance is waiting near $ 144, which may serve as the next main test of the bulls.
The levels that will determine the next Solana
According to To a post The X social media platform by the Ali Martinez, the current trading scope in Solana ranges between $ 129 and $ 144, very important to how it is from here. In particular, Martinez pointed out that the most important support for Solana’s price is $ 129, while the main resistance of viewing is located at $ 144.
This suspension is closely compatible with the data shown in the joint plan by the analyst, which was obtained from the distribution of the price achieved for the Glassnode (URPD): ATH-Partcession Form.
Size tapes shown in URPD data below indicate that the price of Solana is trapped between dense groups of purchase and sale. The longest concentration ranges from 129 to 144 dollars.
The planned highlights that approximately 5.75 % of all the current SOL score occurred near the 129 -dollar price point, making this level a strong support area. Interestingly, its importance was strengthened on April 17, When the price of Solana recovered Unfortunately after dipping for a short time to this level.
Likewise, the level of $ 144 also carries about 5 % of the size, As resistance The roof in the short term. The price zone rejected these upward attempts in the last week of March, which confirms that it is a short -term ceiling for upward momentum.
Together, these two levels constitute a tightly disputed scope, and it is likely to dictate the collapse that exceeds any of the borders whether Solana enters a new oriental leg or exceeds.
image From x: ali_charts
UTXO (URPD)
Utxo (URPD) price distribution: ATH-Partized is a advanced scale on the series that comes out in terms of the acquisition of current currency holders distinctive symbols with regard to the highest times (ATH). When the price level shows a high concentration of the scale size, it means that a large number of symbols have been bought at this level.
These groups tend to work as psychological support or resistance, because holders may be more inclined to defend tie areas (support) or exit in previous loss areas (resistance), depending on market morale.
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In terms of market morale, the current market morale gradually turns into a rise to Solana, and puts the last break of more than $ 135, the level of $ 144 in focus, At least in the short term. The price can reach there this new week, or that withdrawal of feelings can bring $ 129 to focus as a level to keep it.
At the time of writing this report, Solana was trading at $ 139, an increase of 3.6 % over the past 24 hours.
Distinctive image from Mudrex, TradingView graph
