Solana Price Prediction: Bulls Eye Recovery as Snorter Breakout Looms

Solana price prediction is again showing strength as bulls find support around the $175 mark. After the recent dip from $210 to $175, SOL has bounced to $181 in Wednesday’s early session.

The positive changes around the increasing demand for staking income, SOL ETF approvals, and growing DeFi are supporting bullish sentiments. Currently, SOL is trading at $182 with a market capitalization of $98.2 billion.

This has renewed some hope among Solana investors, but many believe the decline could continue if Solana falls below the $175 support level.

Image Courtesy: TradingView

At the same time, savvy investors are spotlighting Snorter, a Telegram-native trading bot that capitalizes on meme coin volatility in different market conditions. As Solana bulls eye recovery, SNORT’s unique infrastructure may steal the spotlight.

Solana Price Retests Former Lows

The Solana price has been on a steep decline over the past seven days. According to CoinMarketCap, SOL has decreased by 9.5% on the weekly timeframe and 4.61% on the monthly chart. The cryptocurrency’s market cap has dropped from $112 billion to below $100 billion.

SOL found support near the August 12 low around $175, then jumped 20% over the next two days. Traders are now debating if this same level can once again attract strong buying demand.

Solana $SOL may offer a final buy-the-dip chance before targeting $360! pic.twitter.com/11GZlOpbDr
— Ali (@ali_charts) August 14, 2025

Meanwhile, prominent technical analyst Ali Martinez forecasts the Solana price might recover after this dip. Speaking to his audience about the potential bounce after the drop, he said the SOL price might target $360 level after a breakout from $210 level.

However, if the current support level fails to sustain, SOL might drop to support levels around $160 and $130. However, the current fall is associated with lower volumes, indicating it has a minimal effect on long-term Solana price prediction.

Massive Solana Accumulation As Staking Revenue Rises

While the SOL price is struggling with bearish pressure, institutional demand has seen a sharp rise amid increasing Solana staking revenue. While Bitcoin uses proof-of-work mining and offers no staking rewards, Solana runs on proof-of-stake, letting holders earn rewards by validating transactions.

Major treasury companies are racing to acquire large volumes of SOL tokens to capitalize on the staking revenue rewards. Upexi, a supply chain management company, has acquired more than 2 million SOL tokens, while DeFi Development Corp. (DDC), a treasury firm focused exclusively on Solana, has purchased more than 1.3 million SOL valued at nearly $250 million.

Corporate players like Upexi and DDC are adding momentum to Solana. With growing activity from DeFi apps, NFT marketplaces, and new projects, Solana price predictions show strong potential for price gains.

Snorter (SNORT) Presale Gains Momentum After Surpassing $3.2 million

Over the past few years, the Solana network has become the leading blockchain for launching meme coins. Snorter is the first meme coin with a side of trading utility that exists not only on Solana as an SPL token but also as an ERC-20 token on Ethereum.

Unlike the early days of crypto, where meme tokens were driven solely by baseless hype, nowadays, traders also seek real-world utility in meme coins. Snorter checks this box by helping users spot and invest in new coins within seconds of launch.

The growing demand for its native token can be seen in the presale performance:

Over $3.2 million raised.
Large wallets accumulating SNORT at $0.1019 before the current stage ends.
Inflows are increasing every day as the next price increase is just around the corner.

Snorter’s use case as a Telegram chat-based trading assistant with advanced functions like limit orders, copy trading, and portfolio tracking is what’s driving this demand for its native token, SNORT.

The total SNORT supply is hard-capped at 500 million tokens, and the presale is offering 60% of this to retail investors. The presale stage 1 began at $0.0935 per token, and with periodic price hikes through 60 stages, the final price will be $0.1053 before listing.