Solana $SOL has struggled to break above the $162 level due to significant selling pressure from Pump.fun. Recently, the Pump.fun fee account sold over 398,000 SOL, contributing to an excess supply and preventing upward momentum. With around $62 million worth of SOL sold at an average price of $156, this whale activity has capped SOL’s ability to surpass key resistance levels.
SOLUSDT
Perp
132.68
+0.93%
However, market conditions are currently trending upward, and with continued buying momentum, SOL may soon overcome this resistance. If buying orders remain strong and the market sentiment stays positive, there’s a good chance that SOL could break through the $162 barrier in the near future
BTCUSDT
Perp
89,398.8
+0.04%
