Saad Ullah
● Crypto analyst Ali recently drew attention to $188 as a make-or-break support level for Solana (SOL). According to his analysis, which draws on Glassnode's on-chain data, there's a massive concentration of realized prices clustered around $188.79, where approximately 52.4 million SOL tokens — about 8.7% of the total circulating supply — last changed hands.
● The UTXO Realized Price Distribution (URPD) chart shows this clustering clearly, suggesting that a large group of investors either bought or moved their SOL at this exact level. "Right now, $188 is the most critical support for Solana," Ali noted, emphasizing that this heavy concentration creates a significant demand zone.
● These on-chain accumulation zones typically function as strong support levels because investors who bought at these prices are more likely to hold or buy more during pullbacks to protect their positions. If Solana can hold above this level, it could set the stage for another leg up. On the flip side, a clean break below $188 might signal deeper short-term weakness.
● Looking at the bigger picture, the $188 zone lines up with what appears to be a major accumulation phase tracked across multiple large wallets. Staying above this level would support Solana's current bullish trend and could pave the way for a move back toward the $210–$225 range. The URPD data also shows how on-chain metrics have become essential tools in crypto analysis, giving traders a much richer understanding of investor behavior than price charts alone can provide.
Saad Ullah
