The Solana price has dipped below the $200 mark this week and is now testing lower support levels around $180, indicating a potential structural pullback before a rebound to new highs. Not only is $180 a key long-term level that has historically offered strong support or resistance, but the current move also coincides with a promising fundamental setup.
Expert traders anticipate significant gains in Q4 across the market, while on-chain activity on Solana continues to reflect institutional inflows. Although retail momentum has slowed in recent weeks, the wealth effect driven by institutional demand could trigger a new on-chain SOL season in the upcoming months as rising prices ignite retail FOMO.
One project currently preparing for this scenario is Snorter (SNORT), a next-generation meme coin trading bot that provides everyday users with market-leading speeds and insights comparable to those previously reserved for the most sophisticated traders.
Investors can now buy SNORT through an ongoing presale, which has already raised a notable $4.8 million. However, the presale ends in just three days, so there is only a limited time left to secure the current fixed and discounted rate of $0.1081.
Snorter’s 0.85% fees and rug pull detection
Snorter aims to help everyday retail investors compete with smart money and institutional market participants through an easy-to-use trading bot native to Telegram, packed with innovative features.
There are two primary methods for placing orders with Snorter: automated token sniping and copy trading. Sniping is best suited for users who already have a token in mind and want to secure it at a very low price before anyone else, while copy trading allows them to automatically mirror the orders of a chosen wallet.
Snorter is built using private RPC infrastructure, which means it connects directly to liquidity pools to place orders, rather than going through decentralized exchanges, which are prone to congestion.
Another of Snorter’s standout features is rug pull detection, which uses AI to scan tokens for potential malicious code or liquidity manipulation before a trade is executed. This helps protect users when trading meme coins, marking a significant advantage over most other bots.
Moreover, Snorter offers the lowest fees on the market at just 0.85% for SNORT holders. In comparison, most trading bots charge fees of between 1% and 2% per trade, meaning Snorter users save at least 15% on every transaction.
These benefits could help Snorter attract a sizeable market share once it launches, and that could drive further demand for the SNORT token in pursuit of its three main utilities: fee discounts, staking returns, and governance rights.
Solana primed for a rebound – and that could send SNORT 100x higher
The Solana price rose from $95 in April to $250 in September, then pulled back to $181 today. This appears to be a typical and healthy macro swing for the asset, as it retests a zone that has been a key area of interest during this market cycle.
It also happens to fall right in the center of the “buy zone” on the Fibonacci Retracement tool, adding confluence to the potentially bullish outlook.
Beyond technical analysis, Solana also shows strength in its fundamentals. DeFi Development Corp highlighted that Solana maintained its network health last week during the crash, while alternatives like Ethereum became unusable due to high fees.
Meanwhile, RWA.xyz data shows that Solana’s real-world assets market cap hit a new all-time high (ATH) of $697 million this week, a 34% increase over the past 30 days.
This indicates institutional wealth flowing into the network, which could help boost the valuation of SOL and potentially trigger a wealth effect that drives up asset prices of many on-chain tokens. When this occurs, retail hype and FOMO will build, likely leading to a mass return of users and marking the start of the next SOL season.
Analysts believe that Snorter’s role as a powerful meme coin trading bot will enable it to thrive in this environment, which is why some are calling for huge gains. For example, in one recent video, popular trader Jacob Bury tipped SNORT for 100x returns. That means the SNORT price could rally from $0.1081 to a whopping $10.80.
3 days until SNORT presale ends – buy now or wait?
Although crypto prices have been down this week, several small-cap and mid-cap altcoins continue to surge. For instance, BlockyBoy by Matt Furie is up 434% in the last 24 hours, while Fallenchungus pinheads has increased by 122%, and Ribitta by Virtuals is up 28%, per CoinGecko data.
And with Snorter preparing to launch on the open market in three days, investors face a key decision: buy now or wait. Since many low-cap tokens are surging today, despite the market being down, there’s a real chance that SNORT could follow this trend.
Furthermore, if Solana bounces from the $180 zone and climbs back to $190 or $200, investors will pivot to a risk-on stance, and the outlook for SNORT becomes even more promising. However, this also means that those who miss the presale could end up paying a much higher rate than today’s price of $0.1081.
Visit Snorter Presale
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