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Solana Faces Major Supply Gap Below $144, Support Lacking Until $24
Solana Faces Potential Price Drop Below $144
- An analyst highlighted a lack of significant on-chain support for Solana below the $144 level.
- The UTXO Realized Price Distribution (URPD) from Glassnode shows major supply zones for Solana are above $144, with minimal demand until $24.
- Solana's price recently fell to $135 but has bounced back to $141. The absence of strong support could lead to further declines.
- In contrast, Bitcoin's supply distribution is more even, with potential support levels at $82,000 and $67,000.

The market's reaction to price retests depends on investor sentiment and the direction of price movement. Accumulation may occur if investors view declines as temporary dips.