According to @glassnode, MVRV standard deviation bands have capped SOL rallies at the +0.5σ level since the March 2024 top, indicating profit-taking has outweighed demand at that band, source: @glassnode. SOL now trades near the MVRV mean around $210, making this level critical to defend for bullish continuation, source: @glassnode. If the mean holds, the next upside test is the +0.5σ band near $275, which has acted as resistance, source: @glassnode.