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The Solana price soared 4% in the last 24 hours to trade at $157.91 as of 11:25 p.m. EST as traders enter into long positions for the crypto.
The uptick in the SOL price comes after Bybit confirmed the details for the Pump.fun token sale, which will open on July 12 at 2:00 p.m. UTC and run through July 15.
the moment you’ve all been waiting for$PUMP is launching through an Initial Coin Offering on Saturday, July 12th.
airdrop coming soon.
our plan is to Kill Facebook, TikTok, and Twitch. On Solana.
learn more about $PUMP and how to get involved 👇 pic.twitter.com/KApiGnvtBg
— pump.fun (@pumpdotfun) July 9, 2025
Pump.fun is the leading meme coin launchpad in the Solana ecosystem. Its token was set to launch on Gate.io, but the exchange removed the listing page from its website without giving a clear reason.
Continuation Pattern Forms On The Solana Price Chart
Daily chart for SOL/USD (Source: GeckoTerminal)
A rising triangle pattern has emerged on the daily chart for the Solana price, according to data from GeckoTerminal. This is usually seen as a continuation pattern, which could mean SOL will continue rising in the next couple of days.
Traders will want to keep an eye on the base of the triangle pattern, which is inline with the resistance level at $160.84. Breaking this level could be the confirmation that the Solana price will continue the positive sequence it has been in over the past week. SOL might subsequently try to reach the next technical barrier at $178.90 in the short term.
However, a rejection from the base of the rising triangle pattern might invalidate the bullish thesis and stop the Solana price in its tracks. In this alternative and more bearish case, the crypto could end up falling towards the $137.50 support level.
Solana Price Technicals Support A Bullish Continuation
Bulls are currently still in control of the Solana price, as suggested by technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the daily chart.
That’s after the MACD line started to break away above the MACD Signal line in the last 48 hours. Traders usually see a growing gap between the two lines, with the MACD positioned above the MACD Signal line, as an indication of strengthening bullish momentum.
RSI readings have also risen in the past few days, with the latest reading above the neutral 50 mark at around 57. This suggests buyers have the upper hand over sellers. Meanwhile, the current RSI value indicates that there is still a fair amount of room for the Bitcoin price to climb before it enters overbought territory, which is usually signaled by an RSI reading at 70 or above.
The bullish signs presented by both the MACD and RSI on the daily chart support the continuation pattern that has emerged. As such, the Solana price might soon flip the $160.84 resistance into support.
As the Solana price looks to extend its bullish sequence, investors are also buying a new presale token called Snorter Bot (SNORT). According to analyst and YouTuber Jacob Crypto Bury, who has over 57K subscribers, SNORT has the potential to soar 100X after its launch.
Snorter Token Empowers Retail Traders To Take On Crypto Whales
Up until now, the crypto trading space has been dominated by whales who share their next moves in secretive groups and often at the expense of smaller retail traders. This dynamic could change soon as Snorter Token introduces a lightning-fast and cost-effective trading bot that will enable smaller traders to challenge the crypto giants’ dominance.
With the Snorter Bot, users can snipe new tokens as soon as they emerge, perform sub-second swaps, copy other top traders, and monitor their portfolios in real-time. The bot also comes with advanced rugpull and honeypot scam detection that has been 85% successful in protecting users from these scams.
What sets the Snorter Bot apart from many of its other browser-based competitors is that it operates within Telegram. It also undercuts other Telegram trading bot rivals when it comes to fees. By simply holding SNORT tokens, users slash their execution costs from 1.5% to 0.85%.
Initially, the bot will run on the Solana blockchain, meaning users will be able to watch popular platforms like Pump.fun for new opportunities and capitalize on them as soon as they emerge.
The team have said that the bot’s functionality will be expanded to Ethereum Virtual Machine (EVM) chains as well, which will give users more trading opportunities.
Snorter Presale Heads For $2 Million
Snorter Token has already raised over $1.6 million in its presale so far, signaling strong investor confidence in the project’s future.
Interested investors can buy SNORT for $0.0977 apiece via the widget on its website using either crypto or bank card.
Investors will want to buy before the next presale price hike in around 30 hours.
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