Solana ($SOL) is currently in an ascending triangle pattern, a classic prediction metric that indicates bullish moves ahead.
The token is up by 60% in the last 2 months, while CoinMarketCap shows an 11.7% increase in the last week alone. Trading volume is also up by 57% in the last day, showing significant investor attention.
As sellers defend the $200 resistance level and buying pressure builds, we believe Solana is in for an imminent breakout. Technical analysis (like the RSI and MACD) shows a potential rally to $250 if positive sentiment remains stable.
As a blue-chip crypto with immense market influence, Solana’s breakout could also rally top altcoins like Snorter Token ($SNORT). Still in presale, the token has raised over $3.4M, with investors in a frenzy over the upcoming trading bot (the cheapest and fastest on Solana).
Read our ‘What Is Snorter Token’ guide to learn more.
Stick around to see why Solana is in the green and why a breakout is likely imminent, and discover the best move for you now.
Jerome Powell’s Speech Reignites Solana’s Potential
In his speech at Jackson Hole on August 22, Fed Chair Jerome Powell said:
Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.
—Fed Chair Jerome Powell, Jackson Hole Speech
The market interpreted this as a hint of upcoming interest rate cuts, and investors immediately priced in the bullish sentiment.
Solana immediately pumped by 14% after the speech, with Ethereum hitting an ATH at $4,880 and Bitcoin soaring 5% to $117K. While the market has temporarily chilled, we believe the full impact of Powell’s speech is yet to be priced in.
Interest rate cuts are infamously positive for crypto. As money essentially becomes cheaper, investors are more likely to redirect their funds to riskier assets like Bitcoin and altcoins.
Traders are already optimistic about Solana if it holds above $200. With the $212–$215 resistance levels ahead, a breakout there might point to a rally.
Even X Trader Ali sees a $222 target next if $SOL can break through $211.
And because good news often comes in pairs, VanEck filed an S-1 for a JitoSOL ETF that offers staking rewards. Fidelity, Grayscale, and Franklin Templeton have already filed for one.
This is a great time to hold Solana, but if you’re looking for fresher, even more promising investments, Snorter Token ($SNORT) could be up your alley.
Let’s see why.
Snorter Token Raises $3.4M for the Fastest & Cheapest Telegram Trading Bot
Snorter Token ($SNORT) is a top crypto presale that plans to build a Telegram trading bot for sniping meme coins and altcoins. $SNORT wants to level the playing field for retail investors, who have long struggled with whales beating them to the punch.
Here’s what the bot will offer once it goes live:
- Fast, secure token swaps with top-tier security and front-running protection
- Honeypot and rugpull detection to detect scam tokens
- Copy-trading for easy, profitable strategies
- Limit orders to protect your profits and schedule buys
- Automated token sniping with built-in tax handling for the best meme coins
- 0.85% fees, the lowest in the industry at the moment
Initially, the bot will launch on Solana, but the upcoming expansion includes Ethereum, BNB Chain, and other EVM networks. So, this will be a multi-chain trading bot integrated seamlessly on a Telegram interface for the best accessibility.
Joining the presale and buying Snorter Token (for just $0.1023 apiece) is the best way to get early access to the bot once it goes live.
Investors have already bought over $3.4M, with the project becoming viral enough to attract whales – one bought $17,793 on August 19. No doubt, one of the most appealing prospects is staking $SNORT at over 100% APY (currently 131%, but it will drop as more people stake).
Our Snorter Token price prediction forecasts a potential $0.94 by the end of 2025, an 819% increase from the current price.
Only $500 invested now could turn into $4,595 by the year’s end, and considering the attention it’s getting now (plus its utility plans), we see $SNORT pumping after launch.
Here’s how to buy Snorter Token, if you want to join the Snorter Bot movement!
Solana More Likely to Pump than Dump
Given the current bullish crypto climate and Solana’s technical analysis, we predict a continued upside in the mid-to-long term. Even with a retest of the $200 support level, the bulls should win in the end.
If that happens, some of the best altcoins, like Ethereum, Cardano, BNB, and Snorter Token, could start a rally. Institutions keep building Bitcoin and Ether strategies, ETF filings keep coming, and worldwide adoption is increasing by the day.
How can future prospects not be bullish?
As always, do your own research and remember that this is not financial advice. Crypto is volatile, so don’t invest more than you can afford to lose!
