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The Solana price plunged 4% in the last 24 hours to trade at $183.41 as of 11:27 p.m. EST as investors offload their holdings in the crypto on the market.
That drop in the SOL price comes even after Cathie Wood’s ARK Invest named SOL Strategies as its exclusive staking partner for its Digital Assets Revolutions Fund.
🚨 ALERT 🚨@ARKInvest Digital Asset Revolutions Fund has selected SOL Strategies as their new Solana staking provider.@CathieDWood and her team chose our enterprise-grade infrastructure to power their institutional staking operations.
This is validation. 🧵 pic.twitter.com/qLpwkQiPlu
— SOL Strategies (@solstrategies_) July 28, 2025
As part of the partnership, the asset manager will move its validator operations to the SOL Strategies staking infrastructure.
Solana Price Idles, Is A Breakout Coming?
Daily chart for SOL/USD (Source: GeckoTerminal)
The Solana price has been oscillating between the support level at $179.53 and the resistance level at $193.27 over the past few days as the market enters an idle stage, according to GeckoTerminal data. With the altcoin trading sideways, traders may be bracing for a strong move in the next couple of days.
If that leads to a bearish drop, the Solana price could end up falling below the aforementioned $179.53 support. Continued sell pressure might then result in a plunge to as low as $160.98 in the short term.
On the other hand, traders identifying the current Solana price as a buy opportunity could ignite a bullish rally. In this case, a challenge at the $193.27 barrier is likely. Thereafter, clearing this technical obstacle might lead to a rise to as high as $107.01 if the bullish pressure persists.
Technicals Warn The Solana Price Might Drop In The Next 24 Hours
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), both lean towards the bearish scenario playing out over the next 24-48 hours.
In the last 24 hours, the MACD line crossed below the MACD Signal line. This is a major bearish technical flag that usually indicates an asset has entered a negative trend.
If the MACD line starts to drop below the MACD Signal line, traders might see it as a warning that SOL’s bearish momentum is picking up steam, and subsequently start to panic sell.
Buyers have also lost some of their strength on SOL’s daily chart, as suggested by the RSI readings that have dropped in the last couple of days. While the latest reading above 50 is still bullish, the strengthening bearish momentum and the slight downward slope of the RSI line warn bears could soon take full control.
As the Solana price risks a continued drop in the next 24 hours, investors are buying into the presale for Snorter Token (SNORT). Influential YouTube channel 99Bitcoins, which has over 723K subscribers, says SNORT could soar 10X on launch.
Snorter Token Brings One Of The Most Powerful Trading Bots To The Market
While the Solana price might be undergoing a temporary pullback, the SOL ecosystem continues to thrive. This is especially true for Solana-based meme coins.
With so many tokens to watch, effectively trading all of the opportunities has become difficult. Enter Snorter Token and its lightning-fast bot.
The Snorter bot comes with the speeds the Solana network is known for, plus raw trading power. This combination enables users to snipe new tokens as they emerge, perform sub-second swaps, copy other top traders and even monitor their portfolios in real-time, all from the Telegram messaging app.
It comes with advanced rug pull and honeypot scam detection as well. So, users can focus all of their attention on trading without having to worry so much about whether a project is a sham or not. So far, the bot has shown an 85% success rate in flagging and protecting users from suspicious projects.
In addition to that, the bot comes with some of the lowest fees in the market. By simply holding SNORT, traders slash their fees from 1.5% to 0.85%. That’s far lower than all of the bot’s current rivals in the market.
Initially, the bot will operate on the Solana blockchain, giving users the option to trade tokens on platforms like Pump.fun and Raydium. There are plans to extend its functionality to blockchains that are compatible with the Ethereum Virtual Machine (EVM) as well, which will mean that very few opportunities will slip past the Snorter bot undetected.
Snorter Token Presale Surpasses $2.5 Million
Investors have pumped over $2.5 million into SNORT’s presale so far, signaling strong confidence in the project’s future.
Interested investors can acquire SNORT for $0.0995 apiece via the simple widget embedded on the project’s website using either crypto or bank card.
With a presale price hike happening in around 6 hours, investors will want to hurry in order to secure the best ICO deal.
Check out SNORT on its official website.
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