Solana price holds $103 support despite bearish CMF

Solana price fell 1.4% on Sept. 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility. Summary Solana price fell from $106.46 to $104.97 after sellers defended the $107 resistance zone. SOL remains above its 20-, 50-, 100-, and 200-period averages on the 4-hour chart. Chaikin Money Flow dropped to -0.15, pointing to increased selling pressure. Liquidation liquidity is concentrated near $108, with another notable cluster around $103. Solana price retreats after $107 rejection According to data from crypto.news, Solana (SOL) price traded lower on Sept. 7 as buyers failed to push the token through a resistance cluster between $106.80 and $107.50. SOL opened the daily session at $106.46 and rose to an intraday high of $106.80 before reversing. The token subsequently fell as low as $104.22 and closed at $104.97, representing a 1.4% daily decline. The move kept Solana near the psychological $105 level, which now separates a renewed test of recent highs from a deeper pullback toward its short-term moving averages. Price action on the 4-hour chart shows that SOL has entered a period of consolidation after...