Solana Nears $250 Rally as Snorter Token Presale Nets $3.4M
Solana has rallied over 60% in two months, forming an ascending triangle above the $200 support level. The surge accelerated after Fed Chair Jerome Powell hinted at potential rate cuts, fueling a 14% one-day spike. Technical indicators such as RSI, MACD and a 57% jump in daily volume signal an imminent breakout toward $250. Institutional accumulation is rising, with Sol Strategies holding over 420,000 SOL. Polymarket odds for a 2025 Solana ETF approval exceed 99%, while JitoSOL ETF filings add further confidence. Meanwhile, Snorter Token (SNORT) has raised more than $3.4 million in its presale. The project will deploy a Telegram-based trading bot on Solana, offering token swaps, anti-rugpull and MEV protections, limit orders, copy-trading features, and 0.85% fees. Investors can stake SNORT at over 100% APY. The presale price of $0.1023 could climb to $0.94 by end-2025. Traders should watch Solana’s price action at $212–$215 for confirmation of a sustained breakout and consider SNORT’s utility in meme-coin sniping. Always conduct your own research and manage risk.
Bullish
Short-term, Solana’s technical setup—an ascending triangle, bullish RSI and MACD readings, and a 57% volume surge—combined with Fed rate-cut hints, heightens the odds of a breakout toward $250, prompting traders to build positions. Institutional accumulation and over 99% odds of a 2025 ETF approval offer strong fundamental support, underpinning long-term demand. Meanwhile, Snorter Token’s successful $3.4M presale and its utility-focused Telegram trading bot can attract fresh retail and institutional capital into the Solana ecosystem. Together, these factors strengthen buying momentum for SOL and SNORT, reinforcing a bullish market outlook.