Solana Faces Key Resistance and Support Levels Amid Declining Activity
- Solana’s price is influenced by investor behavior at significant levels, with $144 acting as a resistance due to 27 million SOL held there.
- Another resistance zone exists at $135, where 26.6 million SOL is concentrated.
- Strong support is forming at $112 with 9.7 million SOL, up from 4 million previously.
- The $94 to $100 range holds nearly 21 million SOL, but below this, supply decreases significantly.
- Solana’s market cap stands at $68.2 billion.
Currently trading at $131, Solana’s price movement is constrained by resistance at $144 and support at $112, amid reduced trading activity and investor engagement.
Source (2.6)https://www.newsbtc.com/altcoin/solana-price-faces-slowdown-support-and-resistance-levels-to-keep-an-eye-on/?rand=52377
