Solana’s Key Support Lies at $65-$71, Break Below Could Open Way to $53
Summary
- According to the analysis, Solana (SOL) has built a strong support base in the $65-$71 range, and its upward trend remains intact as long as that zone holds.
- Martinez cited URPD data showing that about 60 million SOL traded between $65 and $71, making it the strongest support zone at present.
- He said that if SOL falls below $65, the next key support level would be $53.10, with $23.60 and $8.85 also identified as major support zones if losses deepen.
Forecast Trend Report by Period
Solana has built a strong support base in the $65-to-$71 range, and its upward trend remains intact as long as that zone holds, according to an analysis.
Crypto analyst Ali Martinez wrote on June 28, citing UTXO Realized Price Distribution, or URPD, data, that about 60 million SOL traded between $65 and $71. He identified that range as Solana’s strongest support zone at present.
URPD is an on-chain metric that shows the price levels at which coins currently in circulation last moved. When large volumes are concentrated in a specific price band, that area tends to act as strong support or resistance.
Solana’s bullish structure would remain intact as long as this demand zone holds, Martinez wrote. A break below $65, however, could put the next major support level at $53.10.
URPD data shows that about 7 million SOL traded around $53.10. If losses deepen, the next major support zones are $23.60, where about 5 million SOL traded, and $8.85, where about 15 million SOL traded.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.