Here’s Where Support & Resistance Lies For Solana, Based On On-Chain Data

The analytics firm Glassnode has revealed the Solana price levels that could be important to watch, based on on-chain accumulation data. Solana Cost Basis Distribution Reveals Where Supply Is Most Concentrated In a new post on X, Glassnode has discussed about the UTXO Realized Price Distribution (URPD) of Solana. The URPD is an indicator that basically tells us about how much of the SOL supply was purchased at which price levels. Naturally, the metric uses the last transaction price of any token in circulation as its cost basis source: https://www.newsbtc.com/news/solana/support-resistance-lies-solana-on-on-chain-data/