Solana is stuck in a tug-of-war between buyers and sellers – showing strength one day, then pulling back the next. The token’s price is currently hovering around $167, but behind the scenes, a growing list of catalysts could drive it to a breakout.

From ETF filings and network upgrades to developer growth, it seems more likely that SOL rallies to $250 than drops to $150 in August. And if it does push higher, Solana ecosystem tokens could benefit massively.

One in particular – Snorter – is already seeing an uptick in demand. The SNORT token presale has just hit $2.8 million as traders rush to get involved early in this new trading bot project.

Solana’s Price Action Looks Shaky After 2% Daily Dip

Solana is up a modest 2% today, but it’s still down about 6% on the week. Traders seem hesitant, spot trading volumes are thinning out, and the SOL chart isn’t exactly screaming bullishness.

The 4-hour candles are forming a bear flag, suggesting price may drift lower before rebounding again. And part of what’s dragging things down this week is that Coinbase’s Base Layer-2 recently passed Solana in daily token launches.

Meme coin traders seem to have shifted their attention to Base-linked tokens like PUMP, which has exploded 30% in the past seven days. Meanwhile, Solana-linked tokens have missed out on the action. Even Solana validator revenues are feeling the pinch – dropping 14% week-over-week.

This drop impacts demand for SOL because lower validator revenues mean fewer staking incentives. Also, with speculative flows heading elsewhere, there’s less reason for traders to hold SOL in the short term.

Solana Price Prediction – Why A Rally to $250 Is on the Table

So, will Solana crash or rally in August? While the $150 psychological level is relatively nearby, it’s more likely that SOL pushes higher toward the $250 range – especially given some big catalysts are lining up.

Firstly, several major institutions have filed to launch spot SOL ETFs in the U.S. According to Polymarket data, the odds of approval sit at 99%, and if they do go live, they could unlock billions of dollars from traditional investors eager to get compliant SOL exposure.

Then there’s Solana’s upcoming tech upgrades. Firedancer, engineered by Jump Trading, promises to ramp up throughput to 600,000 transactions per second, while Alpenglow will improve decentralization and cut transaction finality time.

Finally, Solana is now outpacing Ethereum in new developer growth, boasting an 83% increase in net new devs this year alone. More developers means more dApps, more transactions, and ultimately, more demand for SOL.

All of these bullish catalysts make a 49% rally toward $250 this month seem a lot more realistic than a drop to $150.

Snorter Could Benefit from Solana’s Rally – New Trading Bot Project Raises $2.8M

If Solana rockets upward, ecosystem tokens could explode even more aggressively. And one project in particular is starting to get lots of buzz: Snorter.

Snorter is essentially a trading bot integrated directly into Telegram. It’s custom-built for Solana’s high-speed, low-cost environment, letting users buy, sell, and swap meme coins in milliseconds – right from their Telegram chat.

Whether you’re auto-sniping newly launched coins, mirroring top traders’ moves, or scanning contracts to dodge rug pulls, Snorter has you covered. No advanced crypto knowledge is needed, which is something that influencer Borch Crypto pointed out in his recent YouTube video.

Holding the native SNORT token sweetens the deal too, slashing trading fees nearly in half (to 0.85%) and unlocking advanced tools. Early SNORT investors can already earn hefty staking rewards while the presale is live, and Snorter’s roadmap promises DAO governance and multi-chain expansion soon.

The project has quickly raised over $2.8 million in its presale, indicating there’s genuine market demand. If Solana does go on a run toward $250 – and Snorter executes its launch smoothly – it might end up becoming the go-to tool for traders seeking an edge. And that’s great news for the SNORT token.