Solana Smart Money Pattern Mirrors March’s 21% Rally — But 37.7 Million SOL Stands in Way
BeInCrypto
Solana shows signs of a potential rally, but must overcome a significant supply wall of 37.7 million SOL to sustain upward momentum.Summary
Solana (SOL) is exhibiting technical indicators, specifically the Smart Money Index and hidden bullish divergence in the RSI, that mirror the setup preceding its 21% rally in early March. However, the asset faces a major hurdle: a dense supply cluster of 37.7 million SOL between $85 and $88. To confirm a bullish trend and reach $97.75, Solana must reclaim the $89.82 level; failure to do so risks a breakdown toward $64.19.
(Source：BeInCrypto)