Fun

Solana Price At Crossroads: $129 Support, $144 Resistance Set Stage For Next Big Move

News Feed - 2025-04-20 07:04:41

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Solana’s price action over the past 24 hours has been marked by a decisive move above the $135 level, a development that could signal growing bullish momentum. This breakout follows several days of sideways movement, during which the Solana price traded within a narrow range between $124 and $135.  Related Reading Whales Swallowing Bitcoin Fast — Will This Push BTC Price Up? 21 hours ago


Although the recent move above this consolidation zonehints at a potential upward continuation, on-chain data reveals that significant resistance awaits near $144, which may serve as the next major test for bulls. Levels That Will Define Next Solana Breakout


According to a post onsocial media platform X by crypto analyst Ali Martinez, Solana’s current trading range between $129 and $144 is very important to how it goes from here. Particularly, Martinez noted that the most important support for the Solana price is at $129, while the key resistance to watch sits at $144.


This commentary aligns closely with the data shown in a chart shared by the analyst, sourced from Glassnode’s UTXO Realized Price Distribution (URPD): ATH-Partitioned model.


The volume bars shown in the URPD data below indicate that Solana’s price is boxed in between dense clusters of buying and selling activity. The tallest concentration is currently around the $129 to $144 region.


The chart highlights that roughly 5.75% of all the current realized volume for SOL occurred near the $129 price point, making this level a strong support zone. Interestingly, its importance was reinforced on April 17, when Solana’s price reboundedsharply after briefly dipping to this level. SOL is currently trading at $139.6. Chart: TradingView


Similarly, the $144 level also holds about 5% of the volume, acting as a resistanceceiling in the short term. This price zone previously rejected bullish attempts in the final week of March, confirming it as a short-term ceiling for upward momentum.


Together, these two levels form a tightly contested range, and a breakout beyond either boundary will likely dictate whether Solana enters a new bullish leg or retraces further.



Image From X: Ali_Charts The UTXO Realized Price Distribution (URPD): ATH-Partitioned Model


The UTXO Realized Price Distribution (URPD): ATH-Partitioned is an advanced on-chain metric that maps out where current coin holders acquired their tokens in relation to the all-time high (ATH). When a price level shows a high concentration of realized volume, it implies that a significant number of tokens were bought at that level.


These clusters tend to act as psychological support or resistance, since holders may be more inclined to defend breakeven zones (support) or exit at previous loss zones (resistance), depending on market sentiment. Related Reading BNB Weathers The Storm Better Than Altcoins, Stats Show 1 day ago


In terms of market sentiment, current market sentiment is gradually turning bullish for Solana, and the recent break above $135 puts the $144 level in focus, at least in the short term. The price could reach there this new week, or a drawdown in sentiment could bring the $129 into focus as the level to hold. 


At the time of writing, Solana was trading at $139, up by 3.6% in the past 24 hours.


Featured image from Mudrex, chart from TradingView

News Feed

Tristan Greene6 hours agoScientists develop AI monitoring agent to detect and stop harmful outputsThe monitoring system is designed to detect and thwart both prompt injection attacks and edge-case threats.2877 Total view
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mi
Bitcoin's halving won't see a 600% return this year — so adjust your strategy
Lucas Kiely3 hours agoBitcoin"s halving won"t see a 600% return this year — so adjust your strategyBitcoin"s price volatility for the last 30 days stands around 4% — down from nearly 18% in April 2013. It"s starting
Tristan Greene4 hours agoCentralized exchanges will become gateways for DeFi — dYdX Foundation CEOCEO Charles d’Haussy doesn’t view centralized exchanges as competitors for dYdX.5371 Total views8 Total sharesListen
Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?
Este artículo también está disponible en español. Crypto analyst Trader Tardigradehas revealed that the Dogecoin price has marked a local bottom. He further provided insi
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion Following the startup’s partnership with Gamestop, the Sydney-based blockchain
Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets
Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Liquid Digital Assets On February 17, the venture capital firm Sequoia Capital announced the launch of a new $
Derek Andersen4 hours agoUS Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as t
Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries
Turner Wright3 hours agoCrypto PACs invest $4M in candidates ahead of Aug. 6 primariesMissouri, Washington and Michigan residents will be able to vote in primaries for specific candidates backed or opposed by crypto inte
Frax Finance dives into DeFi liquidity with $250M USDe allocation
Zoltan Vardai12 hours agoFrax Finance dives into DeFi liquidity with $250M USDe allocationThe proposal could give rise to one of the largest liquidity pools in DeFi, according to Ethena Labs.866 Total views4 Total shares
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Ara
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better In recent times, the impact of bitcoin mining on