
DC大于C|Apr 15, 2025 11:02
Is SOL rising or rebounding with a 40 point increase?
After saying BTC ETH, let's talk about SOL and use SOL's URPD data to create a chip price distribution chart.
The bottom horizontal axis represents the price position where the SOL was last moved; The left vertical axis represents the number of SOLs that were last moved at a certain price.
Here we have selected URPD data graphs for March 20th and today, as follows
It can be clearly seen from the two pictures. Although the price of $126 on 3.20 is not much different from today's $131, the distribution of chips on the chain is quite different.
After nearly a month of changes, there has been an increase in chip accumulation in almost every interval as shown in the graph, mainly due to chips above 144 starting to sell out, which means that chip accumulation has started to move downwards, and high priced chips have been replaced by low-priced chips.
But although the high priced locked chips have left, there are still many at present.
Conclusion:
At the macro level, there is still a lot of uncertainty regarding tariffs and interest rate cuts, especially for BTC at around 87 and SOL at 138-140.
If BTC only rebounds next, it will naturally be difficult for SOL to break out of the main uptrend at the end of last year.
The self narrative is that Canada seems to have launched a spot ETF for ¥ SOL this week, and perhaps even a pledge. This actually doesn't make much sense, it mainly depends on the United States. Now ETH related staking has also been postponed, and SOL is no exception
Of course, if SOL's ETF can be applied for promotion, then perhaps the price can still be anticipated.
At present, the pressure above is around $140. If this level breaks through, there seems to be an expectation for the price to continue rising, but because there is a large amount of resistance above, the upper limit will not be particularly high.
The temporary major support below is around $94-100, followed by around $123-127
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