By Chris Hollingworth 
SOL, a prominent exchange-traded fund (ETF), recently experienced a pullback after a period of strong growth. Approximately 14% of the total supply of SOL is concentrated around the $144 mark, making it a key support level for the asset.
Maintaining this crucial support level at $144 is essential for SOL to avoid a potentially more significant correction in its price. Investors and market participants are closely monitoring the price action around this level to gauge the strength and stability of the asset.
As SOL retraced its ETF rally, market dynamics and investor sentiment play a crucial role in determining the future trajectory of the asset. Traders are advised to keep a close eye on developments surrounding SOL and the $144 support level to make informed decisions regarding their investment strategies.
The concentration of supply at this specific price point adds an additional layer of complexity to the market dynamics of SOL. Understanding the implications of this concentration and its impact on price movements is essential for investors looking to navigate the current market conditions effectively.
