Read before acting on SOL

Why I Think SOL Is More Likely to Retest $150–160

On-chain data shows a clear picture of where most SOL is held — and what that likely means for price action:

• 📍 ~39 million SOL was bought between $175–180 → holders are near breakeven

• 📍 ~8 million SOL was bought at $189–191 → currently at a loss, potential panic sellers

• 📍 ~44 million SOL between $145–157 → sitting on profits, likely to sell into strength

That’s a lot of supply above and a lot of incentive below to take profit or exit on any bounce.

I’m not advising anyone here — but personally, I’d never buy in this zone. Everything signals that volume is more likely to flow into sell pressure, not new buys.