Considering the market conditions presented to us right now, it is safe to say that Solana isn’t the best crypto to buy now. The “people’s crypto” stopped holding ground as soon as the Uptober fever ended with the massive crash of October 11th. Since then, the Solana price hasn’t been close to the $200 level at all.
On the other hand, Solana-based Snorter is continuing to gain momentum. Although the ending of its presale is drawing near, the aardvark-themed meme coin project is still generating buzz among the cryptocurrency community.
Solana Price Action: Constant Drops Across Daily Chart
“Abysmal price action and major losses” are the words that come to mind when looking at the Solana price chart. Currently trading at around $185, Solana has dropped by over 3.5% in the last 24 hours, and the increase in trading volume shows that many are stepping out of it.
Daily charts show that the rising channel it established since April 2025 is now gone, and the crash of October 11 was the exact breakdown point for the token. While bulls arrived in force to push Solana up again, the bears are stronger as fears of further losses grip the investor community.
When it comes to the daily chart, the pattern emerging suggests that further breakdown is about to happen, and $172 is the possible target. Failure to sustain above that level could push the token further down to the $160 zone. A bounce, however, could help the Solana price maintain its value at the current level.
While the short-term chart gives a bearish image, most analysts are of the consensus that bullish days are still ahead for Solana.
Despite the Drop, Solana Might Still Be the Best Crypto to Buy Now
Solana’s price trend does not portray a strong picture. However, since it is dropping, many are considering it a big “buying the dip” opportunity. Among the analysts who believe that is Matthew Dixon. The trader recently posted an analysis on X, stating that SOL has dipped into the buy zone, which could be great for investors looking for a high-risk, high-reward opportunity.
Other analysts, such as Disrupt Yourself, suggest that now might be the right time to buy SOL since it is in the zone where a reversal can happen.
Bitcoin Consensus has also portrayed a massively bullish image on the monthly chart.
The pattern, cup-and-handle, seems to suggest that the short-term drawdown is of no concern, since in the long term, Solana can potentially cross the $1.3K threshold.
Overall, despite the market downturn, belief in Solana has not wavered even slightly, which means those who want to diversify their investments should look into Solana-based cryptos.
Snorter: A Solana-Themed Trading Bot with Massive Upsides
Snorter’s presale has generated massive buzz thanks to how it combines the quirky imagery of an aardvark with the robust utility of a trading bot. The project’s trading bot will go live on Telegram after the ongoing presale’s conclusion, which is drawing near.
The trading bot will reportedly enable fast swaps and offer early mover benefits to investors. Protective tools have also been put in place to help users leverage Snorter as an automated sniping tool to find and invest in high-potential Solana-based cryptos as soon as they arrive on the market.
These include honeypot protection, rug pull protection, and MEV protection. Snorter also aims to leverage Telegram’s social trading power to deliver powerful copy trading opportunities to investors.
With the added advantage of low fees, only 0.85%, it is clear why Snorter has been able to raise over $4.8 million so far.
The iconic aardvark imagery is also working in the project’s favour, generating buzz on social media thanks to how quirky the icon is. While the project has been limited to the Solana chain, once it goes live, Snorter will offer investment opportunities on multiple chains.
Factors that Could Give Snorter a Boost Post Listing
Now that Snorter’s presale is nearing its end, there is a burning question about whether Snorter could be the best crypto to buy now, and whether it could have an explosive debut once listed. The answer is a highly potential yes, largely due to the following factors.
New Iconic Imagery
When it comes to memes, it is always about the feeling they give investors, regardless of the utility present. An aardvark’s cartoonish look has a strong appeal, and its colour scheme, along with the way it has been presented, wearing a monocle and analysing the market, can elicit a positive response from investors. Since the “boring” factor, which people generally associate with sticking to the same memes, is gone, the potential is high for this token to survive in the long term.
Telegram-Based Trading Bot
Snorter is presenting users with an achievable and real use case. It is relatively easier to design a Telegram bot than it is to provide a metaverse-based game. Snorter has hit the jackpot when it comes to the niche it is targeting. It is a meme coin trading tool designed to serve degen investors, which could help it maintain a long-term presence on the market.
Positive Reviews from Critics
Most online reviewers have had positive things to say about Snorter. One of them is Borch Crypto, who recently gave reasons why Snorter has what it takes to become a 100x crypto.
A new iconic meme, a utility serving the meme coin space, and the current market conditions were cited as the core reasons why Snorter could be a desirable long-term asset as well as a short-term pick for investors.
Conclusion
Although the Solana price chart does not look good on the aesthetic front, as the string of red candles outnumbers the green ones, the community is still hopeful. Many still believe that it could be the best crypto to buy now. That is why the Snorter presale is getting so much attention. Inspired by Solana, the meme coin trading bot ecosystem has raised over $4.8 million, and its presale is ending soon.
Those interested should click the link below and invest today before time runs out.
Visit Snorter
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