Amid increased price volatility, the Solana price has maintained its value above the $150 mark. This has resulted in the Solana ecosystem regaining momentum over the past weekend. Moreover, memecoins for the SOL chain have recorded the highest gains.
Will Solana-based memecoins make a strong comeback and dominate the memecoin rally this altcoin season? In this article, we have covered the top 3 memecoins that have the potential to record massive price surges this Q4!
Dogwifhat (WIF) Price Action
Despite recording a drop of 5.86% in the past 24 hours, the Dogwifhat price has jumped ~7% over the past week and 69.16% during the past 30 days. Moreover, with a market cap of $2.67 billion, it has secured the 36th position.
Despite SMA acting as a support to the price chart in the 1D time frame, the RSI indicator has repeatedly failed to breach its overbought range. This highlights increased price volatility for the memecoin in the crypto market.
If the bulls regain momentum, the WIF price will head toward its upper resistance level of $4 in the coming time. However, a bearish reversal could pull the price toward its low of $2.1.
Bonk (BONK) Price Action
The BONK price has maintained its bullish momentum by adding ~2% in the past day and 7.16% over the past week. Furthermore, it has surged 31.35% during the past month and has rewarded its long-term investors with a YTD return of 69.68%.
The technical indicators EMA 50/200-day and MACD have recorded increased bullish action in their respective chart. This suggests that the BONK memecoin may continue gaining value during this week.
Maintaining the price above its support level of $0.00002125 could set the stage for it to head toward its resistance level of $0.0000270. On the flip side, a trend reversal could result in it retesting its low of $0.0000150.
Popcat (SOL) POPCAT Price Action
Following increased price action, the POPCAT price has recorded a neutral trend over the past day. However, it has added 84.41% to its valuation over the past month and 16,585.95% this year alone, making it the best-performing memecoin of this year.
The RSI indicator continues hovering close to its overbought range with its EMA 50/200-day recording a constant uptrend. This highlights a bullish outlook for the POPCAT price in the crypto market.
Suppose, the bulls regain momentum, this could result in this meme coin recording a new all-time high (ATH) in the coming time. On the contrary, if the bears outrun the bulls, the POPCAT price could plunge toward its low of $1.25.
Also, read Popcat (SOL) POPCAT Price Prediction 2024 – 2030
Source: https://coinpedia.org/price-analysis/solana-price-to-hit-180-as-sol-based-meme-coins-regain-momentum/