Saad Ullah
⬤ Fresh UTXO Realized Price Distribution data from Glassnode shows Solana's most crucial support sits at $147.49. The chart reveals a dense cluster of realized transactions at this level, meaning many holders bought SOL around this price. This creates a natural support zone that could determine the token's next move.
⬤ Proposed crypto tax increases are raising red flags across the sector. Higher tax burdens could push smaller firms toward bankruptcy and drive talent to countries with clearer regulatory frameworks. For Solana, which relies on constant developer activity and deep liquidity, this double threat of financial pressure and brain drain could hamper long-term growth just when network strength matters most.
⬤ Market watchers are laser-focused on whether Solana can hold this price region. If the $147.49 level breaks, large holders might start repositioning their assets. But if it holds, confidence could stabilize and calm near-term swings in volatility.
⬤ Right now, Solana's technical setup and policy risks are deeply intertwined. The $147.49 support level has become the line in the sand for traders as they watch how realized price distribution, investor sentiment, and regulatory uncertainty play out over the coming weeks.
Saad Ullah
