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The Solana price has risen 1% in the last 24 hours to trade at $182.13 as of 6:50 a.m. EST on a 16% surge in trading volumes to $6.1 billion.
This SOL price increase comes despite data from DeFiLlama showing Solana’s monthly DEX volume has dropped nearly 70% from its peak in January.
🚨 LATEST: Solana monthly DEX volume is down nearly 70% from its monthly peak in January. pic.twitter.com/z0FUa4Cnxs
— Marc Shawn Brown (@MarcShawnBrown) July 30, 2025
The Solana monthly DEX volume now sits at $83 billion, from a peak of $262 billion in January. Despite the drop, the crypto market has momentum building. While some analysts say the meme coin mania on Solana is over, others think Solana is just catching its breath before the next leg up
Solana Price Targets 43% Surge Despite Plummeting DEX Volume
The SOL/USD 3-day chart shows the price is trading at $181.15, and the 50 SMA sits at $150.17, while the 200 SMA clocks in at $156.62, which is a tight convergence, suggesting some stability. However, the price is flirting with a support zone around $171, marked by that red trendline and a high of $189.
Zooming into the indicators, the RSI at 60.83 is hovering between the overbought and neutral territory, leaving room for the crypto to breathe.
The MACD also shows a slight bullish crossover. The chart’s uptrend since late 2024 is strong, with the 50 SMA riding above the blue 200 SMA. But that recent pullback that resulted in a death cross near $152 could spell trouble if volume doesn’t back it up.
SOLUSDT Analysis Source: Tradingview
With DEX volume crashing 70% from January’s hype, liquidity is drying up, and that could drag SOL lower. If the $189 resistance holds firm, there might be a dip toward the $150-$160 support zone, right where the SMAs align.
The worst case would be the Solana price breaking below $150. It could send SOL crashing to $118, especially if the broader market undergoes a correction. However, if bulls push past $182 with volume, SOL could eye $225.00 or even that $295.83 peak from earlier this year.
The downtrend from the $182 rejection and plummeting DEX activity suggests caution, but the MACD crossover and RSI give a glimmer of hope. Investors should keep their eyes peeled, awaiting a clearer signal.
Snorter Token Presale Nears $3M – Next 100X Token?
As Solana eyes a 43% surge from the current price, the buzz around Snorter Token (SNORT) is exploding. This new Solana-based project is making waves, raising over $2.6 million in its ongoing presale.
With a quirky anteater mascot and a promise to level the playing field for retail traders, SNORT is positioning itself as the go-to token for meme coin degens. Snorter Token powers the Snorter bot, a Telegram-native trading bot built to dominate the wild world of meme coins.
Forget clunky browser wallets or getting outsmarted by whales, Snorter bot offers sub-second swaps, letting you snipe tokens the moment they launch. It’s like having a superpower in the chaotic meme coin market, where speed can mean the difference between a 10x gain and missing the boat entirely.
🚨 Snorter Bot is now live in Best Wallet! 🚨@SnorterToken is building a powerful multi-chain Telegram trading bot designed for speed, transparency, and automation.
Snorter Bot will give users the ability to access lightning-fast trades and real-time execution directly from… pic.twitter.com/EqkWxGMcQy
— Best Wallet (@BestWalletHQ) May 28, 2025
The Snorter bot is cheap to use. Holding SNORT slashes trading fees from 1.5% to just 0.85%, undercutting competitors like Banana Gun and Unibot. It also boasts an 85% success rate in spotting rug pulls and honeypots, saving you from scams that plague the meme coin space.
What’s more, features like copy-trading let you mirror the moves of top wallets, while MEV protection shields you from sneaky bot attacks. It’s built for regular traders, not just tech wizards
According to popular crypto YouTuber Jacob Bury, who has over 56.8K subscribers, has predicted SNORT could potentially skyrocket 100x post-launch.
Right now, SNORT is in presale at $0.0999, and you can buy in with SOL, ETH, USDT, or even a bank card. Investors can also rake in a jaw-dropping 162% APY through staking, though that rate drops as more jump in.
With a price hike looming in less than 45 hours, time’s ticking to grab tokens at this discounted value.
Check out the Snorter Token website.
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