Rally

Solana

SLERF

Memecoin

<p>The post <a href="https://coinpedia.org/price-analysis/is-solana-memecoin-set-for-another-rally-wif-bonk-bome-slerf-10x-rally-on-horizon/">Is Solana Memecoin Set For Another Rally: WIF, BONK, BOME, SLERF 10x Rally on Horizon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto industry has displayed a positive uptrend for the first time this week, indicating increased demand for crypto tokens. Moreover, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a>, has recorded a jump of over 10%, resulting in major altcoins recording a significant bounce back in the chart.</p> 
<p>Despite the rising hype of memecoins in the industry, the Solana-based memecoins have failed to regain momentum and continue to bleed, indicating a rise in the disinterest of investors in these tokens. Will Solana memecoins rise back up?</p> 
<h2 class="wp-block-heading" id="h-bonk-bonk">Bonk (BONK):</h2> 
<p>The <a href="https://markets.coinpedia.org/bonk1/">BONK</a> memecoin displayed a neutral trend for a brief period, following which the bulls regained momentum and jumped 115% before facing rejection above the support of $0.00002124. After trading sideways for a while, the bulls regained momentum and recorded another jump of 95.50%.</p> 
<p>After facing rejection at $0.00004152, the <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK price</a> lost momentum and recorded a valuation correction of 35%. Following this, the memecoin traded sideways for a period. As the volatility grew, the bulls lost momentum and broke down the support level, and since then, it has been trading sideways.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/-IYw8E4-iIEmuYJCBTyo3KcpC-VoZYHJwIIxUagJKDXn7KaCpbQdenf1_yuS4rH5BlRNlw0VWQ0CrzH_URNVbB_teBPjFKihCF2YPrGJulEB57-VmC-0OYhvYaLecJIEt9KWPmZ2b0jM6LlUPr9QiMA" alt="BONK Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BONK/USDT
 </figcaption>
</figure> 
<p>The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure in the crypto industry. Moreover, the averages show a constant rise, suggesting a positive price action for the altcoin in the coming time.</p> 
<p>If the bulls regain momentum and break out of the resistance level at $0.00002702, the BONK price will continue rising and prepare to test its upper resistance level of $0.00004152. However, a bearish reversal may pull the price toward its low of $0.0000150.</p> 
<h2 class="wp-block-heading" id="h-dogwifhat-wif">dogwifhat (WIF):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> traded in a closed space between $282 and $464 for over two weeks, after which the bulls gained momentum, and the dogwifhat memecoin jumped 378.84% over the next six days. The bulls then successfully broke out of the resistance level, where the price traded sideways for a brief period.</p> 
<p>As the memecoins hype increased, the bulls jumped 87.85% before facing rejection at $3.5047. After facing rejection at $3.5047, the bulls have been constantly trading in a consolidated range and are on the verge of testing their support of $2.4163, the outcome of which is unpredictable.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/3h-4yYhmWK7JXsjBw5LTH3vz50blaD2ias5npzeApJU1Cc9jezYzHu9AO-OroR3rLSdOZK-eWC90kowx49dXd_jfyqCJhzUcQqHevQc-1TRFkdWwXGdDY25gUsmdhlQbzHhXljasZr3OT_-s-SLk3VA" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: WIF/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, displays an increase in the green histogram, highlighting a rise in buying-over-selling pressure in the crypto industry. Further, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time.</p> 
<p>With the current market sentiments, if the bulls hold the price above the support level of $2.4163, the WIF price will continue rising and prepare to test its upper resistance level of $3.5047. Conversely, if the bulls fail to regain momentum, it will plunge and test its low of $1.120.</p> 
<h2 class="wp-block-heading" id="h-book-of-memes-bome">Book Of Memes (BOME):</h2> 
<p>Following its launch, the <a href="https://markets.coinpedia.org/book-of-meme/">BOME</a> price instantly gained massive attention from the market, resulting in this memecoin multiplying its value within the first few hours. The Book Of Meme price added approximately 2,600% within 24 hours, making it the biggest single jump of this year in the industry.</p> 
<p>After facing rejection at the resistance level of $0.02797, the token broke down the support level, where it traded sideways for a period. As the market volatility increased, the bulls recorded another correction, and since then, the price has been trading between $0.00886 and $0.01313.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/m7DCS01APqpYf_YxVvzJrinI9ijxf6tBiOWPW9DTucvzcdfd51byddWJV0JXyq_6yhkjMh40GcHX0xLFBAUcGhIevAqTmvoqZAQHFFKUpr6tZk1yGIiOBthynNaET55vxDlIGAvEJ4e1NirblThenLY" alt="BOME Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BOME/USDT
 </figcaption>
</figure> 
<p>The MACD shows a constant flatline in the chart, highlighting a weak price action for the memecoin in the market. Moreover, the averages show a neutral trend, suggesting uncertainty in future price action.</p> 
<p>If the market pushes the price above the resistance level of $0.01313, the bulls will regain momentum and prepare to test its upper resistance level of $0.02797. Negatively, a bearish reversal could pull the price toward its low of $0.00405 in the coming time.</p> 
<h2 class="wp-block-heading" id="h-slerf-slerf">Slerf (SLERF):</h2> 
<p>The latest memecoin of the Solana-verse recorded a massive surge in its valuation post-launch. The Slerf token recorded an all-time high (ATH) of $1.37 within the first 24 hours of its launch, following which the market experienced a short selling, resulting in the memecoin losing over 50%.</p> 
<p>After testing its low of $0.3695, the bulls recorded a sideways trend for a while. As the market volatility grew, the memecoin jumped 243.30% before facing rejection at $1.2685, after which the price lost momentum. Since then, the <a href="https://markets.coinpedia.org/slerf/">SLERF price</a> is trading between $0.6630 and $0.9705.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/swKHIlvKzW9u8sep0pQQcm_TwqtgWVFg27Tm60bglhMlX2s5b4Z6WkCMlGnCjnmWXiTtED5OtXO0MVIMXZ9s6GhhFBu3B9dqXktHdfoJKXHH7ZF-tFoyl6bRvb1drOEag3JD_asw3wfwugYAdi24_ug" alt="SLERF Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SLERF/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, shows a rise in the red histogram, highlighting an increase in the selling pressure for the memecoin in the crypto industry. Further, the averages display a bearish convergence, suggesting the price will continue losing value this week.</p> 
<p>If the market holds the price above the support level of $0.6630, the bulls will regain momentum and prepare to test its upper resistance level of $1.2685 this month. Conversely, if the bears overpowered the bulls, the price would continue to bleed and test its low of $0.3695.</p>

Is Solana Memecoin Set For Another Rally: WIF, BONK, BOME, SLERF 10x Rally on Horizon?

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