Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
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A critical breakout level at $297 is now back in focus, opening the doors for a bullish Solana price outlook going into the final quarter of the year.
Fundamentals are warming for a move as the macro backdrop is starting to shift in favor of risk assets like altcoins.
Speculators now expect up to three rate cuts before year-end, starting as soon as September.
Lower borrowing costs could stimulate new inflows into risk assets like cryptocurrencies, reviving altcoin season sentiment.
And Solana stands as a prime beneficiary with the approaching October 10 deadline for a potential spot SOL ETF, which could open the gates to previously untapped TradFi demand.
Solana Price Analysis: Does the SOL Bull Run Hinge on $297?
Solana could be on track to fulfill the $297 breakout target set by a previous falling wedge, as it now nears the breakout of a 4-month ascending channel.
This 4-month consolidation phase has allowed the wedge pattern to gradually play out—and with market sentiment warming, its full upside potential may finally come into view.
With a potential double bottom reversal pattern forming around $157, Solana could reverse to retest resistance at $207, the level that capped its most recent bull run.
This comes as momentum indicators still reflect weakness. The RSI hovers just below the neutral line, suggesting sellers maintain short-term control.
More so, the MACD teeters on a death cross, with the line moving in close parallel to the signal, pointing to a fragile uptrend.
A second bounce off $157 could provide the strength needed to flip the outlook fully bullish.
Crucially, $207 marks the final threshold to a breakout of the ascending channel, opening the door for a retest of the $297 resistance.
If flipped to support, this level becomes a launchpad for Solana to enter price discovery.
With interest rate cuts and a spot ETF approval likely to boost demand going into the final quarter of the year, a 205% rally to $500 could be in play.
The Solana Ecosystem Holds Higher Gain Opportunities
When it comes to large-cap coins like SOL, gains tend to move slowly. Explosive breakouts can take months to develop, only to play out in a matter of days.
That means holders spend most of their time waiting.
Meanwhile, the low-cap meme coins in its ecosystem, like TROLL, are posting 2x gains in a single day.
That’s where Snorter ($SNORT) steps in. Its purpose-built trading bot is engineered to spot early momentum, helping investors get in before the crowd, where the real gains are made.
While trading bots have been around for a while, Snorter is built for a new generation of crypto traders focused on speed, precision, and safety.
It offers sniper-friendly limit orders, MEV-resistant swaps, real-time copy trading, and even rug-pull protection to help avoid bad exits.
Getting in early is only half the game, Snorter also helps you time your exit like a pro.
The project is off to a strong start—$SNORT has already raised over $2.4 million in its initial presale weeks, likely driven by its high 155% APY on staking to rewards early investors.
You can keep up with Snorter on X, Instagram, or join the presale on the Snorter website.
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