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.
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
