Solana Price Holds at $103 Amid Increased Selling Pressure

Solana's price held steady at $103 despite a bearish Chaikin Money Flow reading, showing increased selling pressure.

The token had fallen 1.4% on September 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility.

Solana remains above its key moving averages, with a 20-period simple moving average at $103.93 and a 200-period moving average at $89.21. However, Chaikin Money Flow has dropped to -0.15, pointing to increased selling pressure.