Glassnode: Profit-taking at SOL's recent highs, current range support is strengthening

Glassnode tweeted that between March 19 and March 31, the share of SOL supply that moved last time changed as follows: $123.89 rose from 3.69% to 3.73%, $144.54 rose from 4.2% to 4.5%, and $147.49 fell from 2.08% to 1.98%. This suggests some profit-taking or distribution behavior near the recent highs, and supply is moving towards a price range on a lower cost basis. At the same time, support at the lower edge of the current range is strengthening.