Altcoins
Major Solana-based altcoins set to see a massive surge in July!
With the bullish recovery in the cryptocurrency market, major tokens have seen significant uptrends in their respective portfolios. In addition, the Price Solana It has jumped more than 7% in the last day, which indicates a high probability of a bullish phase in the near future.
On the other hand, SOL-based tokens have shown similar price action by recording massive price action in a short period. With the rising bullish sentiments, will Solana-based altcoins and memecoins outperform major cryptocurrencies?
Let’s get started, because in this article we have covered the price analysis and potential targets of crypto tokens Bonk, Pepe, and POPCAT for this month.
Bonk (BONK):
The most successful memecoin in the Solana ecosystem has retested its important support level. This has led to the Bonk Price adding over 22% to its portfolio with a trading volume of $571.63 million, up 160.64%.
TradingView: BONK/USDT
Furthermore, this memecoin has increased by more than 30% in the last 2 days, indicating a growing bullish sentiment. Furthermore, the MACD shows a rising green histogram with its averages recording strong bullish price action in the 1D time frame.
If the market pushes the BONK Electronic Money above its resistance level of $0.000027, the bulls will prepare to test its upper level of $0.00003390. Conversely, a bearish price action could push the price towards its crucial support level.
Popcat (SOL) (POPCAT):
Launched in 2023 with a circulating supply of 979,973,185 POPCAT tokens, this Solana-based memecoin draws inspiration from the Bonk project. To be the next 1000X memecoin, POPCAT tokens have gained considerable attention from the cryptocurrency market.
Notably, this altcoin has jumped 15.07% in valuation over the past day. Also, despite seeing a 14.69% correction over the past seven days, Popcat (SOL) price has added 34.80% to its portfolio over the past 30 days and has a Year-to-Date (YTD) return of 5,903%.
Dog Wife (WIF):
The second most successful memecoin on the Solana chain with a market cap of $1.706 billion, the WIF Price added about 3% to its portfolio in the last day, with a trading volume of over $626 million.
TradingView: WIF/USDT
Notably, memecoin is currently trading at a 64.89% discount from its all-time high, providing its investors with an excellent buying opportunity.
The Relative Strength Index (RSI) has shown a bullish curve in its WIF 1D price chart. Furthermore, the average trend line suggests a potential positive crossover, suggesting that dogwif hat price will continue to gain value this week.
If the market continues to trade under a bullish sentiment, WIF coin price will prepare to test its upper resistance level of $3 in the coming weeks. However, if the bears regain momentum, dogwifhat cryptocurrency will plummet towards its low of $1,240.
Read also: Best Cryptocurrency to Buy Now as Market Crash Hits Bottom