Cost Basis Data Highlights Key Support and Resistance Zones for TRON and Solana

The latest on-chain data from Cost Basis Distribution (CBD) charts has disclosed vital information about how investors are acting with respect to two important cryptocurrencies, TRON (TRX) and Solana (SOL). These data sets tell us not just which way these particular digital assets are trending, but also where major groupings of investors have priced them, and hence where potential support and resistance levels may be, which is key information for traders and long-term holders alike. The charts take a snapshot of where tokens were last moved on-chain. This indicates likely entry prices and highlights where traders might be more inclined to defend positions or look for exits. For TRON and Solana, the CBD data presents a clear picture of the price zones that are shaping market dynamics. TRON Finds Solid Support Between $0.26 and $0.27 Per the latest data, in the $0.26 to $0.27 range is where TRON (TRX) seems to have its most robust support. In this price band, over 14 billion TRX tokens are held, representing the highest concentration, by far, of investor positions at any price point in the chart. This leads us to believe that a substantial accumulation of TRX is taking place and that a lot of participants either think that this price is a fair entry point or plan to hold at these prices. This cluster’s size and density show how convinced TRON holders are. As the price gets near this level, it seems increasingly possible that we might see a fresh wave of buying, as holders either try to defend the level or add to their positions. That makes this a “support” level in a nearly psychotic sense, as these holders (and maybe some freshly minted ones) seem to be quite likely to buy if the price goes down to this level. Beyond this price zone, the supply of TRX is clearly thinner. This indicates that in the realm of higher levels, the investor crowd is inarguably sparser—meaning that the resistance we encounter if we try to push up through these higher levels is inarguably lighter than it is if we try to push back down through these lower levels. So: to the upside, we’ve got an imbalance. And there’s imbalances in life that are often good for balance sheets. Another way to look at this is to see that we don’t have a lot of well-off, upwardly mobile TRX holders who are at risk of selling into any push-up we’ve got cooking. Solana’s Key Levels: Strong Support and Clear Resistance Another major asset in the crypto landscape, Solana (SOL), also shows well-defined zones of support and resistance based on cost basis analysis. The data shows a solid base of support at the $145 to $147 level, where roughly 13 million SOL tokens are held. This accumulation suggests that many investors established their positions in this range, making it a pivotal area to watch. This zone is set to function as an exceptionally strong floor. If Solana’s price slides back toward this range, expect it to rebound on the strength of many buy orders as market participants protect or bolster their balance sheets with an asset they last time purchased near this range. Cost Basis Distribution shows #TRON found support in the $0.26–$0.27 range, where over 14B $TRX is held -marking the strongest cluster on the chart. Above that, the supply is relatively thin and most investor positioning remains below current price: https://t.co/ceCczn6uNh pic.twitter.com/bTv58VWqko — glassnode (@glassnode) June 18, 2025 Solana’s road to elevated prices encounters some stubborn resistance. The first significant bump appears around the $155 to $157 range. This is where a cluster of roughly 31 million SOL tokens resides—an absolute volume expression of potential resistance that covers a wide swath of the investor base. Because of this price band and what it may effectively represent, if and when Solana’s native asset gets back up around this level, we might as well expect a fair number of those 31 million SOL tokens to offer resistance. The $164 to $166 area is another place where resistance has been identified, and 29 million SOL tokens are held there. If a rally were to run into this resistance area, it would likely be caused by long-term holders or those who bought during previous peaks, both of which are noted by the author. Implications for Traders and Long-Term Holders Cost Basis Distribution data provides more than just a technical view of the market. It offers a psychological insight into investor behavior. When traders get clustered in their holdings, it indicates emotional anchoring—commitment to the status quo. For a token with strong bases, like TRON, where bases of around $0.26–$0.27 have formed, it provides a very clean, bullish setup, especially in the absence of any strong resistance overhead. If sentiment overall improves and we get in line for the next uptrend, this base should deliver what we in the business call a “breakout.” With Solana, the situation is more complex. The support range of $145 to $147 gives bulls something to depend on. But the overhead resistance at $155 to $157, and again at $164 to $166, could put a lid on any gains unless we see a substantial build-up of buying momentum. These critical zones are places where traders will need to keep a very close watch on both volume and market sentiment. In the end, these insights from CBD charts present pertinent context for both tactical and strategic decision-making when it comes to investing. And as the market continues to progress, on-chain data is an increasingly valuable tool for grasping the mechanics that drive the major digital assets’ price shifts. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx