Solana Retests Realized Price After 25% Weekly Drop
Solana is currently trading at its Realized Price, a crucial metric that indicates the average cost basis for investors. This level historically marks significant trend changes.
Key Points
- Realized Price reflects the average investor's cost basis on the Solana network.
- When below the spot price, holders are in profit; when above, they face losses.
- After a recent market crash, Solana's price has retraced to its Realized Price, indicating holders are at break-even.
- The Realized Price has served as a critical support level during bullish trends.
- A breakdown below this level could signal a deeper market correction, similar to events in 2022.
As of now, Solana (SOL) is priced around $133, having declined over 25% in the past week.
