Join Our Telegram channel to stay up to date on breaking news coverage
The Solana price slid 2% in the past 24 hours to trade at $163.72 as of 9:52 p.m. EST on trading volume that surged 27% to $14.6 billion.
This comes as Pump.fun, the Solana meme coin launchpad, prepares to launch its massive Pump Token ICO at 2 p.m. UTC today, July 12.
🟢 $PUMP | Tokenomics
→ PUMP is the official utility token of PumpFun Protocols – Coin Launchpad & AMM Swap
→ Max Supply – 1 Trillion
→ Unlocked at TGE – ~550 Billion
→ ICO sale FDV – $4 Billion
→ 65% to ECO + ICO
→ Team + Existing investors w/ 1 year cliff pic.twitter.com/q1qPFdFZ7f
— Aiz (@Aizcalibur) July 10, 2025
The sale will run across major exchanges including Bybit, Kraken, Kucoin, and Gate.io until July 15, or when it’s sold out.
Token transfers will begin 48-72 hours after the sale ends, with the latest launch being July 18.
Solana Price Breaks Out Of A Falling Channel, Poised For More Gains
After hitting the $183 resistance in May, the SOL price has been trading within a well-defined falling channel pattern, an indication of bearish pressure.
However, after hitting the $129 support within the channel, the bulls took control of the Solana price, pushing through the previous resistance turned support at $146.57. This level then allowed the bulls to push the price of Solana above the rising channel to the current level, surpassing the 50-day Simple Moving Average (SMA).
The 200-day SMA still acts as a resistance zone slightly above the current SOL price at $164.31.
Meanwhile, the Relative Strength Index (RSI) stands at 61.09, suggesting increasing buying pressure without yet entering overbought territory. This indicates that, regardless of the slight drop, Solana is still bullish.
The blue Moving Average Convergence Divergence (MACD) has crossed bullishly above its orange signal line, with green histogram bars widening, confirming the shift in momentum to the upside.
If the current surge continues, the price of Solana could surge even more, targeting the previous resistance at $183.52, a 10% surge from current levels.
SOL/USD Chart Analysis (Tradingview)
Conversely, if the bears take charge of the asset, the $146.57 level still acts as the next possible support.
Meanwhile, opportunistic investors are piling into a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 57K subscribers, SNORT could potentially soar 100X on launch.
Snorter Token Presale Rushes Toward $2 Million Mark
Snorter Token is a Telegram-based trading bot for cryptocurrency that offers a wide range of tools and features designed to simplify the crypto trading process for retail investors.
The project comes as an 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 faster than manual trading.
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.
Went outside. Touched grass. Immediately hated it. Back to the chaos. pic.twitter.com/XgGz1f7cCE
— Snorter (@SnorterToken) May 19, 2025
The $SNORT token, the project’s native cryptocurrency, has seen a growing investor base and community interest during its presale phase, having raised over $1.75 million.
In addition to its trading features, staking rewards currently sit at 212% annually.
The token is selling for at $0.0979 and can be bought with SOL, ETH, BNB, or bank card.
Interested investors will want to buy before a price hike in a little more than 1 day.
Related Articles
- Florida Probes Robinhood Crypto Over ‘Deceptive’ Claims Of Low-Cost Trading
- Snoop Dogg Drops An NFT Series On Telegram – Sold Out In 30 Minutes
- Best AI Crypto To Watch for Decentralised Autonomous Agent
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
