Glassnode: Profit-taking at SOL's recent highs, current range support is strengthening
2025-04-02 01:35:16
Glassnode tweeted that between March 19 and March 31, the share of SOL supply that moved last time changed as follows: $123.89 rose from 3.69% to 3.73%, $144.54 rose from 4.2% to 4.5%, and $147.49 fell from 2.08% to 1.98%. This suggests some profit-taking or distribution behavior near the recent highs, and supply is moving towards a price range on a lower cost basis. At the same time, support at the lower edge of the current range is strengthening.
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