Solana has slipped below the key $75-$77 support zone after on-chain data showed thin demand under that level. The breakdown now puts lower SOL support areas near $53, $35, and $27 in focus.
Solana Faces Critical $77 Support as On-Chain Data Reveals Thin Demand Below
Solana's UTXO Realized Price Distribution (URPD) data shows a major concentration of investor holdings around the $77-$83 range, making it one of the most important support zones on the chart, according to analyst Ali Charts.
Solana URPD Analysis. Source: Glassnode / Ali Charts on X
The chart highlights large clusters of realized supply at $82.60 and $85.55, indicating that many SOL holders acquired their tokens near those levels. Another significant concentration appears around $79.65, reinforcing the broader support area near $77-$80.
According to Ali Charts, this distribution makes $77 a critical level for Solana. As long as price remains above it, the largest group of holders stays near breakeven or in profit.
However, the chart shows relatively little realized supply between $77 and lower price levels. This lack of demand concentration suggests there may be fewer support zones immediately below the current market.
If SOL loses the $77 level, the next major areas of interest appear near $53.10, $35.40, and $23.60, where larger clusters of historical buying activity are visible. These levels represent zones where previous investors accumulated substantial amounts of SOL and could potentially provide support.
The URPD model tracks where existing coins last moved on-chain, helping analysts identify price levels with significant holder concentration. In Solana's case, the data indicates that the $77-$83 region remains the key support area to watch.
Solana Chart Warns of Deeper Drop as $75 Support Breaks
Solana fell to around $73.77 on the weekly chart, slipping below the $75-$77 support area marked in earlier analysis. The chart shared by EllioTrades shows a downside projection toward the $27-$28 zone if SOL fails to reclaim the broken support.
Solana Weekly Breakdown Setup. Source: EllioTrades on X / TradingView
The chart marks nearby resistance around $83-$95, while the broken support area sits near $75.33-$75.36. SOL is now trading below that level, which weakens the short-term structure.
The large downside box points to the next major lower zone near $27.29-$27.62. That area aligns with previous long-term support from earlier Solana cycles.
For the bearish setup to weaken, SOL would need to reclaim $75-$77 first, then move back toward $83-$95. Until then, the chart keeps downside risk in focus.
