Solana Price Drops 6% As Traders Turn To This Bot Token For 10X

Solana Price Prediction: SOL Plunges 6% As Traders Pivot To This New Bot Token With 10X Potential

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Updated: 25 July 2025

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The Solana price plunged 6% in the last 24 hours to trade at $179.37 as of 11:29 p.m. EST as investors offload their holdings in the altcoin on the market.

The drop in the SOL price comes after the crypto surged over 22% in the last 30 days.

Solana Price Forms A Bearish Chart Pattern

Daily chart for SOL/USD (Source: GeckoTerminal)

A bearish descending triangle has formed on the daily chart for the Solana price, data from GeckoTerminal shows. This follows a multi-day negative sequence. Now, SOL is testing the base of the triangle pattern, which is the $177.44 support.

Should that pattern be validated in the next 24-48 hours, SOL could end up dropping to the next key support level at $159.65. This will be the last line of defense before a possible plunge to as low as $139.55 if the bearish pressure persists.

There is, however, still the possibility that the Solana price might break out above the descending triangle. If traders identify the current SOL price as a buy opportunity, it could lead to a rebound from the $177.44 support. If this happens, a test of the $208.36 resistance is likely.

Technicals Suggest The Solana Price Might Drop Some More

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), warns SOL’s bearish troubles may not be over yet.

Over the past couple of days, the MACD line has dropped towards the MACD Signal line. Now, the prior is about to cross below the latter. If this were to happen, it would trigger a major bearish technical flag and might indicate that SOL has entered a negative trend.

Meanwhile, RSI readings have plunged in the last couple of days as well, indicating a drop in buyer strength. Although the latest reading above the neutral 50 mark is bullish, the downward slope of the RSI warns that the window of opportunity for bulls to regain control is closing fast.

If buyers don’t step in soon, the Solana price might validate the bearish chart pattern and fall below the $177.44 support and possibly reach $159.65 in the short term.

While the Solana price remains at risk of a continued drop, investors are buying into the presale for Snorter Token (SNORT). According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, SNORT has the potential to soar 10X at launch.

A Trading Bot Designed To Find Crypto Gems

Snorter Token introduces the fastest and most cost-effective trading bot to the market that is designed to find the next 1,000X cryptos.

The Telegram-based bot enables users to snipe new tokens, perform sub-second swaps, copy other top traders and monitor their portfolios in real-time, all from the popular messaging app.

Crypto trading can be risky, especially when it comes to new meme coins. As new tokens are launched on a daily basis, the risk of falling for a rug pull or honeypot scam is increased.

With the Snorter bot, however, users can trade with peace of mind given the project’s advanced detection capabilities, which have shown an 85% success rate in flagging and protecting users from suspicious projects.

Not only that, the Snorter bot also comes with a competitive fee structure. By just holding SNORT tokens, users slash their fees from 1.5% to 0.85%. This ensures that execution costs don’t chip away too much at potential gains.

Initially, the bot will run on the Solana blockchain, which has been the network of choice for meme coin developers. As such, Snorter bot users will be able to watch and trade new cryptos on platforms like Pump.fun and Raydium, which both helped ignite the meme coin frenzy.

Looking at the project’s roadmap, there are plans to expand the bot to blockchains that are compatible with the Ethereum Virtual Machine (EVM) as well. When this happens, there won’t be a lot of opportunities that will pass the Snorter bot undetected, giving users more trading options.

SNORT Presale Races Towards $3 Million

Snorter Token is drawing investors in with its ongoing presale, which has raised more than $2.3 million so far. With the bullish predictions by experts like 99Bitcoins and the bot’s raw trading power, it’s no surprise that investors are buying in at this early stage.

Interested investors can acquire SNORT via the simple buy widget embedded on the project’s website. Selling for $0.0991 apiece, the crypto can be purchased using either crypto or bank card.

To secure the best presale deal, investors will want to hurry, because SNORT’s price will increase as its presale progresses through its different stages. The next price hike is in around 6 hours.

Check out SNORT.