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.