Solana's price surged by 7.7%, reaching $85.91, as it navigated significant resistance and support levels highlighted by the URPD chart. The cryptocurrency surpassed the $85.55 resistance zone, a key area with heavy on-chain supply concentration, and faced an intraday ceiling at $86.20. Despite the strong daily increase, the price movement slowed due to high coin concentration between $76.70 and $85.55, indicating past accumulation.
The URPD chart outlines $79.77 as the nearest technical support, aligning with a significant supply shelf. Further support levels are identified at $76.70, $53.10, and $35.40, marking historical demand zones. Traders are now focused on whether Solana can maintain its position above the former resistance, with potential scenarios including a re-test of $86.20 or a pullback to $79.77 if selling pressure increases.
Solana Rises 7.7% Amid Key Resistance and Support Levels
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