Solana Price Dips 1.4% as Sellers Defend $107 Resistance

Solana's price dipped 1.4% on September 7 after failing to break above $107, signaling possible volatility ahead. The cryptocurrency fell from $106.46 to $104.97 as sellers defended the key resistance level.

Despite the decline, Solana remains above its key moving averages, indicating a still-strong broader trend. However, weakening capital flows and liquidation clusters near $108 and $103 suggest increased risk of volatility.

The next key support is between $103 and $104, while breaking above $107 could lead to a retest of $110. Analysts see potential for another upward move if the trend holds, but external factors like Federal Reserve policy could impact momentum.