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Solana Eyes Market Shift: Key URPD Indicator Forms The Largest Supply Cluster

  • Solana has formed the largest supply cluster in recent history, indicating a key region of interest as a support or resistance zone.
  • The UTXO Realized Price Distribution (URPD) indicator shows a massive supply cluster at $129.79, with investors accumulating over 32 million SOL, representing 5% of the altcoin's overall supply.
  • The second largest supply cluster is at $144.54, where investors purchased over 27.5 million SOL, potentially acting as a significant barrier to price upswings or strong support.
  • Crypto analyst and trader, Ali Martinez, predicts a strong rebound for Solana based on a TD Sequential buy signal on the weekly chart.

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