Solana (SOL) has broken below the $75-$77 support zone after on-chain data revealed thin demand beneath that level. The breakdown occurred as UTXO Realized Price Distribution (URPD) analysis showed relatively little realized supply between $77 and lower price levels, according to analyst Ali Charts. This lack of demand concentration suggests fewer immediate support zones below the current market, with the next major areas of interest appearing near $53.10, $35.40, and $23.60 based on historical buying activity clusters.
URPD Data Shows Major Holder Concentration at $77-$83
Solana's URPD data reveals a major concentration of investor holdings around the $77-$83 range, making it one of the most important support zones on the chart, according to Ali Charts. The analysis highlights large clusters of realized supply at $82.60 and $85.55, indicating that many SOL holders acquired their tokens near those levels. Another significant concentration appears around $79.65, reinforcing the broader support area near $77-$80.
According to Ali Charts, this distribution makes $77 a critical level for Solana. As long as price remains above it, the largest group of holders stays near breakeven or in profit. However, the chart shows relatively little realized supply between $77 and lower price levels.
The next major areas of interest appear near $53.10, $35.40, and $23.60, where larger clusters of historical buying activity are visible. These levels represent zones where previous investors accumulated substantial amounts of SOL. The URPD model tracks where existing coins last moved on-chain, helping analysts identify price levels with significant holder concentration.
Weekly Chart Projects Downside Target Near $27
Solana fell to around $73.77 on the weekly chart, slipping below the $75-$77 support area. The chart shared by EllioTrades shows a downside projection toward the $27-$28 zone if SOL fails to reclaim the broken support.
The chart marks nearby resistance around $83-$95, while the broken support area sits near $75.33-$75.36. SOL is trading below that level. The downside projection points to the next major lower zone near $27.29-$27.62. That area aligns with previous long-term support from earlier Solana cycles.
For the bearish setup to weaken, SOL would need to reclaim $75-$77 first, then move back toward $83-$95.
FAQ
What support level did Solana break below?
Solana broke below the $75-$77 support zone, with the price falling to around $73.77 on the weekly chart according to analysis from EllioTrades.
What does URPD data show about Solana holder concentration?
URPD data analyzed by Ali Charts shows major holder concentration in the $77-$83 range, with large clusters of realized supply at $82.60, $85.55, and $79.65. The data reveals relatively little realized supply between $77 and lower price levels.
What are the next major support levels for Solana?
The next major support areas identified in the analysis appear near $53.10, $35.40, and $23.60, where larger clusters of historical buying activity are visible. The weekly chart projects a potential downside target near $27.29-$27.62.
