Glassnode: Recent highs of SOL have seen profit-taking, and the current range support is strengthening

ChainCatcher message, Glassnode tweeted that during the period from March 19 to March 31, the proportion of the last moved SOL supply changed as follows: $123.89 increased from 3.69% to 3.73%, $144.54 increased from 4.2% to 4.5%, and $147.49 decreased from 2.08% to 1.98%. This indicates that there has been some profit-taking or distribution behavior near recent highs, and the supply is shifting towards a price range with a lower cost basis. Meanwhile, the support at the lower edge of the current range is strengthening.