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The Solana price pumped 4% in the past 24 hours, trading at $152.47 as of 1:19 a.m. EST, with trading volume rising 115% to $3.7 billion.
The SOL price has risen 14% in the last 2 weeks. Can this trend continue from this level?
Solana Price Eyes Breakout As Falling Wedge Narrows
The SOL price on the daily chart shows Solana compressing within a falling wedge pattern, a bullish formation often signaling an upcoming trend reversal.
After an ABC corrective wave, SOL has been consolidating between gradually descending support and resistance lines.
Solana price action is now pressing against the wedge’s upper boundary near $152–$155, a critical area that also aligns with the 50-day Simple Moving Average (SMA) and the 0.382 Fibonacci retracement level, as GeckoTerminal data shows.
Indicators are leaning bullish. The Relative Strength Index (RSI) at 52.86 suggests a slight upward bias without being overbought, leaving room for further gains.
Meanwhile, the Moving Average Convergence Divergence (MACD) has confirmed a bullish crossover, with the blue MACD line crossing above the orange signal line and histogram bars flipping green, indicating growing bullish momentum.
However, the 200-day SMA at $165 remains a key obstacle.
A breakout above the wedge and the $155 resistance could trigger a rally toward $165 (200-day SMA) and potentially the $186 zone on the 0 Fib level.
If SOL fails to breach the wedge’s upper trendline, it risks slipping back toward support near $144 or even $135 (0.5 and 0.618 Fib levels, respectively) before another breakout attempt.
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 Hits $1.5 Million – Buy And Stake For 224% APY
The Snorter Token presale is generating strong traction, having already crossed the $1.59 million mark in early funding.
Snorter Bot is a full-stack, Telegram-native trading assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities much faster than if they were to trade manually.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
However, Snorter Bot 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 crypto trading bots.
Holding $SNORT gives users the lowest fees and VIP-level bot speed. pic.twitter.com/51vs0YKdro
— Snorter (@SnorterToken) July 6, 2025
In addition to its trading features, staking rewards currently sit at 224%, but this decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0973. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in less than 1 hour.
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