Solana (SOL) Price Analysis: Key Levels to Watch Now

Solana (SOL) has shown bullish momentum amidst a consolidating crypto market. Over the past week, SOL rallied towards $140, facing resistance around this level. On-chain data suggests Solana's price is wedged between crucial levels. Crypto analyst Ali Martinez, on X, highlighted the "UTXO Realized Price Distribution" (URPD) indicator. This indicator monitors the amount of cryptocurrency acquired at a given level. According to Glassnode data, the most important support for Solana lies around $129, with major resistance at $144. A breakout above $144 or a breakdown below $129 could determine SOL's trajectory in the coming weeks. The next significant support is around $10, with no major resistance until $170 based on the URPD indicator. As of today, SOL is valued at approximately $138, reflecting a 3% price increase in the last 24 hours.