With the recovery in the cryptocurrency market, memecoins in the Solana ecosystem are booming.
Solana price has increased by over 7 percent in recent days, which indicates that the upward movement may continue in the coming period. Additionally, Solana-based memecoins have also surprised investors by exhibiting rapid price movements recently. As for which memecoins stand out:
Bonk (BONK):$BONK
Bonk, one of the leading memecoins in the Solana ecosystem, successfully tested an important support level and gained over 22 percent in value, with trading volume exceeding $571.63 million.
In the last 2 days, Bonk is up over 30 percent and the MACD is giving strong bullish signals on the daily time frame. If Bonk clears the $0.000027 resistance level, the bulls are expected to test the $0.00003390 level.
Popcat (SOL):$SOL
Solana-based Popcat was released in 2023 with a circulating supply of 979,973,185 and is inspired by the Bonk project. Popcat has attracted a lot of attention in the crypto market as a potential breakout candidate.
Popcat has increased by 15.07 percent in recent days. Although it experienced a correction of 14.69 percent in the last seven days, it gained 34.80 percent in the last 30 days.
dogwifhat (WIF):
WIF, another popular memecoin of the Solana ecosystem, attracts attention with a transaction volume of over 626 million dollars. WIF is currently priced 64.89 percent lower than its all-time high.
The Relative Strength Index (RSI) is showing a bullish trend on the daily WIF price chart, and the average trend line has turned in a positive direction.
If the market starts to move upwards, WIF price could be poised to test the upper resistance level of $3 in the coming weeks. However, it should be noted that if the bears take control, the WIF price could drop to $1.24.
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