On-Chain Update: Key Support Zone for SOL
Following a sharp sell-off, SOL is consolidating around an important support area where demand is beginning to absorb available supply.
What the data suggests:
Support behavior: Buying interest is appearing as selling pressure slows.
Market structure: This type of consolidation can signal a transition from distribution to stabilization.
Liquidity dynamics: Defending this zone would help establish a short-term base.
Outlook:
If support continues to hold, a relief move toward the nearest resistance zone becomes more likely. Failure to hold, however, would suggest the market needs additional time to find balance.
Takeaway:
This level is a useful reference point for monitoring short-term structure and momentum shifts in SOL.
