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Solana faces selling pressure but holds key $98.27 support amid whale activity and potential recovery zones.

Market News
12 Sep 2026
AMBCrypto
View Source
Neutral
Solana faces selling pressure but holds key $98.27 support amid whale activity and potential recovery zones.

Solana (SOL) is under supply pressure due to Pump.fun's large ongoing sales totaling over 5 million SOL worth around $842 million, alongside whale investors shifting SOL into the STONK token. Despite this, exchange data shows net outflows, which may help absorb selling pressure. SOL price is consolidating above a critical $98.27 support after stalling near $107 resistance, with technical indicators signaling weakening buying strength but maintaining some resilience. Liquidity clusters between $103-$105 could provide recovery targets if the $98.27 support holds, suggesting a possible retest of $107.13 resistance ahead.

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