Solana Faces Critical Resistance Test at $135 Amid Market Decline

Solana (SOL) has declined over 60% since late January, with current price struggles amid broader market downturns. Key points include:

SOL is trading below $126 after significant selling pressure.
Resistance level at $135 identified by the UTXO Realized Price Distribution (URPD) indicator, crucial for a potential recovery.
Failure to reclaim $135 may reinforce bearish sentiment and exacerbate selling.
Current support at $120; a drop below this level could lead to further declines towards $100.
Bulls need to surpass $135 and reclaim $150 for positive momentum.

The upcoming weeks are critical for Solana to establish support and determine the direction of future price action.