The cryptocurrency market has been on a bullish trajectory following Donald Trump’s recent presidential victory in November. This political shift has triggered a substantial rally, with Bitcoin ($BTC ) surging by an impressive 54% in the last 60 days, hitting a record-breaking all-time high of $106,000 today. While major cryptocurrencies enjoy strong upward momentum, the memecoin market is showing signs of divergence, particularly among Solana-based projects.

Legacy tokens such as Dogecoin ($DOGE ) have soared, gaining over 200% during this period, as increased liquidity and market enthusiasm fueled its growth. However, newer Solana-based memecoins—Dogwifhat ($WIF ), Popcat (POPCAT), and Cat in a Dog’s World ($MEW)—are grappling with significant corrections, pushing their prices toward critical support levels. Below is an analysis of their recent performance and possible future movements.

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Dogwifhat (WIF)

Performance Overview:

Over the last 30 days,WIF has experienced a 25% decline, placing its current trading price at $2.80, just above its crucial support range of $2.73–$2.80.

Outlook:

Should WIF manage to hold this support level, it may attempt a reversal toward its descending resistance trendline, currently positioned around $3.50. Such a move would imply a potential 25% gain from current levels. However, a failure to sustain support could expose $WIF to further downside risks.

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Popcat (POPCAT)

Performance Overview:

$POPCAT has suffered a more pronounced 38% decline over the past month, now trading at $1.12, just above its key psychological support level at $1.00.

Outlook:

A successful rebound from this support could drive $POPCAT to its next resistance at $1.60, translating to a potential 41% upside. Conversely, a breakdown below $1.00 may invite further bearish momentum, making the $0.85–$0.90 zone a possible target.

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Cat in a Dog’s World (MEW)

Performance Overview:

$MEW has fallen 31% in the past 30 days and is stabilizing near a critical support level at $0.0071, with the token currently trading at $0.007753.

Outlook:

If $MEW holds at its current levels, a reversal could propel the price to its next resistance at $0.0088, indicating a modest 13% upside. However, failure to maintain support could exacerbate the decline, potentially pushing prices toward the $0.0065 mark.

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Market Outlook

All three Solana-based memecoins are trading near pivotal support zones, setting the stage for potential rebounds. Broader market sentiment and liquidity trends will play crucial roles in determining their trajectories. While a recovery could yield substantial gains, these assets remain highly speculative and volatile, underscoring the importance of cautious trading strategies.

Investors should closely monitor support levels and consider risk management strategies, as a breakdown below current zones could lead to accelerated declines.

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