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The Solana price pumped 5% in the past 24 hours to trade at $199.64 as of 5:06 a.m. EST, with trading volume plunging 31% to $22.6 billion.
Within the last 24 hours, SOL soared to cross the $200 mark. Can the current uptrend continue?
Solana Price Poised For A Breakout Above This Key Resistance
The SOL price on the daily chart reveals a clear transition from a prolonged downtrend into a decisive bullish breakout.
After forming a significant bottom near $101 in mid-April, the Solana price has steadily climbed, breaking through multiple resistance levels and recently reclaiming the psychologically important $200 mark, as GeckoTerminal data shows.
The current Solana price action is marked by higher highs and higher lows, which is a textbook sign of an uptrend.
The Fibonacci retracement shows SOL has surpassed the 0.236 retracement level at $166.71 and is now pushing towards its previous highs.
Meanwhile, the 50-day Simple Moving Average (SMA) at $156.42 has crossed back above the 200-day SMA at $163.38, forming a golden cross pattern.
The Relative Strength Index (RSI) is currently at 75.59, placing it in overbought territory.
Moreover, the Moving Average Convergence Divergence (MACD) indicator shows a strong bullish crossover, with the blue MACD line at 11.67 well above the orange signal line at 7.66.
If the current momentum continues, the price of Solana could target the zone around $253, representing an additional 26% upside from current levels.
On the downside, if the price of SOL fails to hold above the $200 level, key support lies at $166.71 (the 0.236 retracement) and the cluster of SMAs around $156-$163, which may act as a strong demand zone during a pullback.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular YouTuber with over 56.9K subscribers, SNORT could potentially soar 100X.
Snorter Token Presale Races Towards The $3 Million Mark – Next 100X Crypto?
Unlike many cryptos that rely purely on community hype and branding, Snorter Token sets out to provide real-world utility through its Solana-based crypto trading tool, the Snorter Bot.
The project wraps this utility in a humorous and quirky aesthetic, led by a mascot described as an “adventurous Aardvark.”
Away from the humor, the project offers a powerful product that is designed to snipe new tokens, swap them, copy trade, and more, all right from Telegram.
The Snorter bot is incredibly adept at navigating token launches to stay ahead of MEV bots and whales, and it has an 85% success rate at identifying rug pulls.
Every time I refresh my feed—Snorter. Might just be the real rotation. https://t.co/ZdKqO1RR88
— Sarah Green (@Sarah_GreenOk) July 20, 2025
The project has already raised over $2.29 million in its blockbuster presale, as it races towards the $3 million milestone.
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram bots.
Early investors can also stake their tokens for a massive 179% APY, although this rate decreases as more buyers join in.
The token is currently in the presale stage and is priced at $0.0989. Investors can buy SNORT tokens with SOL, ETH, USDT, or a bank card through the widget on the project’s website.
Interested investors should act before the next presale price hike in a few minutes.
Check out the Snorter Token website.
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