Solana tests critical $139 support, with analysts wondering if it can avoid another 2022-style crash. Will the tides turn?
Solana was testing the critical price point of $139, its aggregated cost basis. This level has played a pivotal role in the past. In 2022, Solana traded around this threshold for five months before breaking below it.As Solana revisits this key level, analysts are closely watching whether it can maintain support above $139 or if history will repeat itself with another downward move.
In 2022, SOL hovered near this mark for five months. It struggled to maintain stability before eventually breaking below and entering a prolonged decline that only reversed in October 2023.The Glassnode data highlights this trend: sustained dips below this threshold have previously triggered extended bearish periods. At the same time, recoveries above it have led to stronger rallies.
The realized price indicator also showed that movements below $139 often coincided with prolonged consolidation or lower re-accumulation ranges.
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