Leading cryptocurrency analyst Ali Martinez on Tuesday identified $73.75 as the "most critical" level for Solana (CRYPTO: SOL), where millions worth of SOL were accumulated.
Analyst Says SOL Vulnerable to Steep Declines If… The "make-or-break" level, as Martinez described, is where over 50 million SOL were bought, according to data from the Unspent Transaction Output Realized Price Distribution chart.
The indicator maps out the exact price levels at which existing coin supplies last moved or were acquired on-chain.
"A sustained close below $73.75 could trigger fresh selling pressure, with $60 becoming the next major downside target," Martinez projected.
"Below that, there is little meaningful support until $50." $73.75 is make-or-break for Solana.More than 50 million $SOL were bought around this level, making it the most critical support on the map.A sustained close below $73.75 could trigger fresh selling pressure, with $60 becoming the next major downside target.
