📊 SOL URPD: Identifying Key Support and Resistance Levels

Glassnode’s URPD metrics provide insights into price levels where supply is concentrated, helping investors gauge key levels of interest.

🔹 Support:
$112.10: 9.7M SOL (1.67% of supply) was acquired here. Since Jan 19, investors added 4M SOL, indicating strong conviction.
$94, $97, and $100 collectively hold 21M SOL (3.5%). If lost, downside risk increases due to low supply until $56.

🔹 Recent Accumulation:
$123 (16.2M SOL, 2.7%) and $126 (19M SOL, 3.2%) saw strong demand, potentially stabilizing the downtrend.

🔹 Resistance:
$135 holds 26.6M SOL, but $144 is crucial - 27M SOL (5% of supply) was acquired here, making it a significant test for further upside.

URPD was originally developed for Bitcoin but is now available for $SOL, $BNB, $TON, $DOGE, $TRX, and $XRP, offering investors granular insights to navigate key price levels.

Access URPD metric for Solana and other assets here.