Solana absorbs 98K SOL sell-off – Why price refuses to break
Solana has seen a long-term staker exit with over 98,000 SOL sold, resulting in a realized loss of $6.6 million. The price remains trapped between $120 and $150, with buyers defending the lower range but failing to break above $146-$150. The RSI indicates weakening momentum, yet buyers continue to absorb sell pressure, maintaining a buyer-dominant market. Despite 80.86% of top traders holding long positions, price expansion is still needed to confirm bullish expectations. Overall, the market is balanced, with ongoing selling pressure but structural support intact.
