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The Solana price has soared 9% in the past week and 1.5% in the last 24 hours to trade at $161.27 as of 9:00 p.m. EST on a 50% drop in trading volume to $7.3 billion.
The SOL price surge comes as the Pump.Fun token sale yesterday ended almost as soon as it started, raising $600 million in only 12 minutes.
JUST IN: $PUMP (@pumpdotfun) token sale sold out in 12 minutes
$500 million raised
Giving us 2017 ICO vibes… Crazy pic.twitter.com/AefQ0pLdhy
— Sam.eth (@0xDrSam) July 12, 2025
The presale consisted of 12.5% of the supply and was sold at $0.004. For the SOL faithful, this may be moon fuel, and its chart tells a story worth diving into.
Solana Price Faces Difficulty Ascending Despite An Overall
The chart for SOL/USDT shows a 3-day view with the price hovering around $160.9, up from a recent low of $129.5.
The 200-day Simple Moving Average (SMA) at $153.07 is acting as strong support, but the downward-trending 50-day SMA has just crossed below it, forming a classic death cross, a bearish signal that has investors worried about the possibility of further losses.
SOLUSDT Analysis Source: Tradingview
However, the RSI at 54.19 suggests the SOL price is not overbought yet, sitting comfortably in neutral territory and inching upward, showing room to breathe and push higher.
Momentum on the MACD is shifting toward the bullish side, as the MACD line has crossed above the signal line, with the histogram turning positive.
Solana Price Buyers Target 90% Gains If This Key Barrier Breaks
The chart’s shaded Fibonacci retracement levels highlight a critical zone at $131.21 where SOL found support before this latest surge. If the bulls keep the pedal to the metal, the next target could be the $188.88 resistance, with a stretch goal near $307.57 if the hype train keeps rolling. That’s a 90.59% increase from here.
This Pump.Fun ICO madness is likely the rocket fuel behind SOL’s climb. Raising $600M in 12 minutes is next-level, showcasing insane demand for Solana-based projects. With SOL’s ecosystem flexing its muscle, we could see sustained upward pressure.
That said, the market is volatile and if $188.88 resistance proves too strong it could trigger potential pullback. A drop below $153.23 could test the $131.21 support, so keep your eyes peeled.
For the short term, Solana price may hit $180-$200 within this month, driven by this ICO frenzy and bullish technicals. In the long term, if adoption keeps growing, $300+ isn’t off the table by late Q3.
Snorter Token (SNORT) ICO Takes Off: A Game-Changer for Meme Coin Traders
As Solana prepares for another leg up, investors are also buying into Snorter Token (SNORT), a new presale project that’s quickly gaining attention.
With a fun aardvark mascot and a built-in Telegram trading bot, Snorter aims to be the top choice for regular traders looking to catch the next big meme coin pump.
Snorter Bot is built to help everyday traders stay ahead in the wild meme coin market. Built into Telegram, it acts like a quick and smart assistant, offering ultra-fast trades on Solana. This means you can grab new tokens the moment they drop, before other bots and whale investors jump in.
🚨 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
Snorter Bot also helps keep you safe, with an 85% success rate at spotting scams like rug pulls and honeypots that can drain your wallet.
It’s cheaper to use too. Most Telegram bots charge around 1.5% per trade, but if you hold SNORT tokens, the fee drops to just 0.85%, making it one of the lowest out there.
You also get handy features like copy-trading (to follow top traders), MEV protection (to block sneaky bot attacks), and a live dashboard to track your portfolio.
Popular YouTube channel 99Bitcoins, with over 723k subscribers, says SNORT could jump 10X at launch.
SNORT Presale Soars Towards $2M
The SNORT token has already raised over $1.8 million in its presale. Early buyers can also stake their tokens and earn a huge annual return of 211%.
SNORT tokens are on sale for $0.0979 each and can be bought with SOL, ETH, USDT, or a bank card using the widget on the website.
With less than 3 hours before the next price jump, now is a good time to get in.
Check out the Snorter Token website.
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