Solana continues its upward trajectory, trading above $177 at the time of writing after gaining nearly 10% over the past week. The rally is further strengthened by surging investor interest, as open interest (OI) in SOL futures reaches an all-time high.
According to Coinglass, futures OI has climbed to $9.12 billion, representing an almost 35% increase compared to the previous month. This jump in OI signals fresh capital entering the market, often interpreted as a sign of new long positions being opened, which could help sustain Solana’s ongoing rally.
Further strengthening Solana’s outlook, DefiLlama reports that the network ranks second in total value locked (TVL), with $9.73 billion in deposits across liquid staking, lending platforms, synthetic derivatives, and yield-generating protocols.
The rise in TVL reflects heightened activity and growing user engagement within the Solana ecosystem, as more participants are depositing and utilizing assets across various SOL-based protocols.
This trend, combined with favorable technical indicators, reinforces the bullish outlook for Solana, with traders now setting their sights on a potential move above the $200 mark.
Crypto analyst and trader ClayBro shared his latest Solana price prediction on his YouTube channel, where he outlined the key levels to watch and the catalysts driving momentum.
In the same update, he also highlighted the Snorter Token presale, an emerging Solana-based trading bot project gaining traction among meme coin enthusiasts as the broader market picks up speed.
Solana Price Prediction
A closer look at Solana’s technical setup reveals a promising trajectory. The price recently surged to two-month highs around $174 to $175 and appears poised for a breakout.
After emerging from a prolonged falling wedge earlier this year, Solana has now formed a bullish flag, positioning itself for a move above the key $190 resistance level.
Source – Satoshi Flipper via X
Analyst Satoshi Flipper notes that this level has historically acted as a key turning point in past market cycles and now represents the next critical resistance before Solana potentially enters a more accelerated phase of price discovery.
If $SOL can reclaim this level with strong volume, a further rally toward $280 becomes increasingly likely. Zooming out, this price target aligns closely with its previous all-time highs and represents a critical checkpoint on the path to price discovery.
Some members of the community on X, such as TheDonOfApes, are even eyeing the possibility of Solana reaching $300 or more in the near future.
Longer-term predictions are even more bullish, with That Martini Guy suggesting that Solana could hit $500 at the peak of the bull market cycle.
With both technical patterns and retail sentiment strengthening, Solana’s outlook remains one of the most compelling among major altcoins.
Solana ETF Approval in Sight? $78M in Inflows Signal Investor Confidence
$SOL could gain further momentum if a spot Solana ETF is approved in the U.S. According to Yahoo Finance, three Solana-focused ETFs listed in the country have quietly attracted $78 million in inflows over the past month.
This surge reflects rising investor interest in altcoin-backed products, even as Bitcoin and Ethereum continue to dominate the ETF landscape. Among them, the Solana REX-Osprey SOL + Staking ETF (SSK), which debuted on July 2, has already gathered more than $41 million in assets under management.
Analysts anticipate a final decision from the U.S. Securities and Exchange Commission by October 10, with some estimating a 90 percent chance of approval. Bloomberg analysts believe Solana could soon join Bitcoin and Ethereum as one of the few crypto to have a spot ETF in the country.
Additionally, a Solana staking ETF, designed to generate on-chain yield, appears close to launching. If approved, it would be the first staking-focused crypto ETF in the U.S., introducing a new category of investment products within the broader digital asset market.
Snorter Token Emerges as Solana’s Top Meme Coin Bot Ahead of ETF Decision
Solana’s growing popularity is closely tied to the influx of new users joining the network, many of whom are attracted to the ecosystem’s low fees and lightning-fast transactions, which are key factors for meme coin speculation.
As interest in meme coins accelerates, Solana is benefiting from a surge of new projects and increased trading activity. Alongside Solana’s bullish momentum, one emerging project gaining traction within its ecosystem is Snorter Token, a new trading bot initiative created specifically for the fast-paced world of meme coin trading.
As interest in microcap tokens continues to rise, tools that offer a trading edge are becoming increasingly valuable. Snorter Token aims to deliver that edge by offering a high-speed, low-fee trading bot built for the Solana network.
Its bot is engineered to execute transactions faster than many of its competitors, such as Maestro, Banana Gun, and Bonkbot, while charging significantly lower fees, reportedly as low as 0.85%, well below the 1–2% industry average.
Snorter Bot stands out by helping traders get early access to newly launched tokens. It offers features like live listings of new Solana pairs, limit orders, honeypot detection, and copy trading. These tools cater to both experienced traders and retail users aiming for high-risk, high-reward opportunities.
This aligns perfectly with the behavior of Solana’s growing base of meme coin enthusiasts, who often seek quick opportunities to generate outsized returns. Its community is also expanding quickly, with over 14K followers on X and growing visibility across crypto forums.
With Solana potentially heading toward the $280–$500 range and broader market sentiment turning bullish, Snorter Token is emerging at just the right time to capture attention and fuel adoption within this speculative but highly energetic corner of the crypto world.
Visit Snorter Token
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
