Elena R
With the bullish recovery in the cryptocurrency market, top tokens have recorded a significant uptrend in their respective portfolios. Further, the Solana price has experienced a jump of over 7% within the past day, indicating a high possibility of a bullish run in the coming time.
On the other hand, the SOL-based tokens have displayed a similar price action by recording massive price action within a short period. With the rising bullish sentiments, will Solana-based altcoins and memecoins outperform top cryptocurrencies?
Let’s go as, in this article, we have covered the price analysis and potential targets of Bonk, Pepe, and POPCAT crypto tokens for this month.
Bonk (BONK):
The most successful memecoin in the Solana ecosystem has retested its important support level. This has resulted in the Bonk price adding over 22% to its portfolio with a trading volume of $571.63 Million, a change of +160.64%.
Further, this memecoin has surged over 30% within the past 2 days, indicating increased bullish sentiment. Moreover, the MACD displays a rising green histogram with its averages recording a strong bullish price action in the 1D time frame.
If the market pushes the BONK memecoin above its resistance level of $0.000027, the bulls will prepare to test its upper level of $0.00003390. Conversely, bearish price action could pull the price toward its crucial support level.
Popcat (SOL) (POPCAT):
Launched in 2023 with a circulating supply of 979,973,185 POPCAT tokens, this Solana-based memecoin takes its inspiration from the Bonk project. To be the next 1000X memecoin, the POPCAT tokens have gained significant attention from the crypto market.
Notably, this altcoin has jumped 15.07% in valuation within the past day. Moreover, despite recording a correction of 14.69% over the past seven days, the Popcat (SOL) price has added 34.80% to its portfolio within the past 30 days and has a Year-to-Date (YTD) return of 5,903%.
Dogwifhat (WIF):
The second most successful memecoin on the Solana chain with a market capitalization of $1.706 Billion, the WIF price has added approximately 3% to its portfolio within the past day with a trading volume of over $626 Million.
Notably, the memecoin is currently trading at a discount of 64.89% from its ATH giving its investors an excellent buying opportunity.
The Relative Strength Index (RSI) has displayed a bullish curve in its 1D WIF price chart. Further, the average trendline hints at a potential positive crossover, suggesting the dogwifhat price will continue gaining value this week.
If the market continues to trade under a bullish sentiment, the WIF coin price will prepare to test its upper resistance level of $3 during the upcoming weeks. However, if the bears regain momentum, the dogwifhat crypto will plunge toward its low of $1.240.
