“I smell a freny brewing”, legendary trader Bluntz declared about meme coins on Monday.
Unsurprisingly, Solana meme coins are leading the charge, spurred by the SOL’s rally to $215.
Popular token Pudgy Penguins (PENGU) is the top gainer in the sector on Monday, up by nearly 15% over the past 24 hours. PENGU has broken out of a multi-month descending trendline, a strong bullish signal for meme coins.
There is a growing consensus among experts that Pudgy Penguins is ready for “Round 2” of its bull run, with some even projecting $1 by the year-end.
Meanwhile, Fartcoin appears ready for an explosive rally as well after securing a daily close above the $0.81 resistance.
Bonk, Dogwifhat and SPX6900 are also among the biggest winners this week. Even low-cap crypto assets like Snorter (SNORT) are going viral, especially among investors who are hunting for 100x returns this year.
Solana Meme Coins Explode. Which Is The Best Token To Buy Among Them?
Pudgy Penguins (PENGU) is back among the list of best cryptos to buy now.
The Solana meme coin formed a bullish divergence with its Relative Strength Index (RSI-14) in the daily timeframe, followed by a bullish breakout from a multi-month descending trendline.
PENGU’s Moving Average Convergence/Divergence (MACD 12, 26) has also formed a golden cross in the daily timeframe, which is a further confirmation of the start of a new uptrend.
Prominent analysts are highly optimistic about the meme coin’s upside potential. Byzantine General claims that the “Round 2” of its bull run is underway, while Kaleo is projecting it to hit $1 this year.
Besides PENGU, Fartcoin is also gathering significant bullish momentum. It has finally flipped the $0.81 resistance level, and a weekly close above it would signal an excellent buying opportunity.
Legendary traders like Bluntz remain convinced that it will hit a new all-time high in the coming weeks. However, sidelined investors need to be careful about key resistance levels like $0.81, $1.20 and $1.60.
Bluntz also believes that SPX6900 (SPX) will be among the top performers over the coming weeks, as it has broken out of a descending parallel channel. Prominent trader CRG also believes that the bottom is in for SPX.
Sidelined investors aren’t short of options in the Solana meme coin sector. However, it is a wise strategy to bet on the winners in the bull market. PENGU is the best Solana token to buy, with Fartcoin also a high-upside investment if it breaches the $0.82 resistance.
Low-Cap Snorter Tipped As The Next 100x Crypto
Attractive investment opportunities aren’t just limited to the large caps. Snorter (SNORT), a new Solana meme coin, has raised nearly $4 million in its viral presale.
What makes Snorter unique is that it is not just another meme coin relying purely on branding. Its native utility is tied directly to the Snorter Bot, a Telegram-based sniper bot that has been purpose-built for Solana traders.
The bot allows users to paste a token address and execute trades the moment liquidity appears, giving them a chance to buy before whales and insiders drive prices higher.
Beyond speed, Snorter Bot integrates features that improve safety and trade execution. Its rug-check system screens for suspicious contract activity and liquidity risks.
Liquidity tracking tools help traders gauge pool strength in real time, while automated stop-loss and limit order functions enable them to manage risk even when away from their screens. It also supports copy trading, letting users mirror the moves of top-performing wallets.
Owing to its unique value proposition, SNORT has emerged as one of the best cryptos to buy now. Whales and smart money investors are among its early buyers, with many eyeing up to 100x returns from it.
Visit Snorter Presale
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