Top Solana-based Memecoins For 2X Run This Uptober?
The post Top Solana-based Memecoins For 2X Run This Uptober? appeared first on Coinpedia Fintech News
As the Bitcoin price reclaims the $66,000 mark during the early Asian trading hours, the crypto market continues gaining momentum. Following this, the most volatile altcoin, Solana token has held its value above the $150 mark, indicating increased bullish action.
Following this, top SOL-based projects have gained significant attention from the crypto space within a short period. Moreover, investor’s interest in these altcoins has increased over the past few days. This indicates a high possibility of a January-like price surge for the Solana ecosystem this Q4!
Dogwifhat (WIF)
Despite recording a drop of 3.48% in the past 24 hours, the Dogwifhat price has jumped ~32% over the past week and 44.81% during the past month. Furthermore, with a YTD return of +1,425%, it has secured the 44th position with a market cap of $2.32 billion.
The Relative Strength Index (RSI) continues hovering above the overbought range in the 1D time frame. Further, with its average trendline displaying a bullish action, this memecoin indicates a positive outlook in the coming time.
Maintaining the price above its support level of $2.10 could result in it heading toward its upper resistance level of $3.050 during the upcoming weeks. However, in case of a bearish reversal, the WIF price could retest its lower support level of $1.240.
MAGA (TRUMP)
Since its inception, the MAGA price has been highly volatile. This Donald Trump-themed memecoin has dropped ~19% in the past day with a trading volume of $5.40 million. However, it has rewarded its long-term investors with a return of 32,890%.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram in the MAGA price chart. With its averages showing a bullish action, the TRUMP coin suggests a positive outlook for it in the coming time.
Suppose, the bulls regain momentum, in that case, the Trump price will breach its resistance level and head toward its upper resistance level of $6 during the upcoming weeks. On the flip side, if the bears regain momentum, the price could retest its crucial low of $1.50.
Bonk (BONK)
The BONK price continues to overpower the top altcoin by adding 5.68% in the past 24 hours and 32.08% over the past week. Moreover, it has surged 29.26% during the past month and has a YTD return of ~100%.
The Simple Moving Average (SMA) supports the Bonk price chart in the 1D time frame. Moreover, the RSI indicator has breached the overbought range. This indicates that the Bonk coin price will continue gaining value in the coming time.
If the market continues trading under a bullish sentiment, the Bonk memecoin could prepare to test its upper resistance level of $0.00003390 during the upcoming weeks. Conversely, a bearish action could pull the price toward its low of $0.00001500.
Want to know how far Bonk price could project in the future? Read our Bonk Price Prediction to know more!
