dogwifhat

Solana

Arweave

Bonk

<p>The post <a href="https://coinpedia.org/price-analysis/top-solana-based-tokens-to-record-another-price-correction-of-10-this-month/">Top Solana-based Tokens To Record Another Price Correction Of 10% This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The market has been displaying a significant correction, resulting in top altcoins experiencing a pullback toward their important support levels. With the rising bearish sentiment, the cryptocurrency continues to free fall, creating a FUD-like situation.</p> 
<p>On the other hand, the Solana ecosystem has witnessed a surge in selling pressure, resulting in the SOL price losing over 25% over the past week. Moreover, the limelight tokens of this category displayed a similar trend in their respective portfolio.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price</a> has recorded a correction of 13% within the past 24 hours and approximately 32% over the past 30 days, resulting in the YTD of this token reducing to +31.85% from over 100% initially. This indicates a strong bearish influence on the altcoin in the crypto space.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/_irQpKgC8G6_DJ8GjNsXYf4FTCfv_1kKL9V65e4WQOcAVKpcbAZCrDlBiBHjvQcPNSidiLBaIe6WcZ4Tu8W5aHGXMnITCOPAisUCmaKyWevYRMA67lNWS2aDmoRVwuJlZeWDfUc3pNQkJyluegX-tZM" alt="SOL Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SOL/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, displays a constant rise in the red histogram with its averages showing a significant drop in the chart. On the other hand, the Cross EMA 50/200-day records a bearish curve, suggesting a negative price action in the coming time.</p> 
<p>However, if the market displays a bullish reversal, the SOL price will attempt to retest its high of $200 in the coming time. Conversely, a bearish price trend may pull the price toward its low of $100.</p> 
<h2 class="wp-block-heading" id="h-bonk-bonk">Bonk (BONK):</h2> 
<p>The memecoin category continues to experience a blood bath, as this category, is the most affected one during the ongoing market correction with <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK price</a> losing over 38%. Moreover, top tokens of this category have recorded corrections of over 20% each in their respective portfolios.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/u85le_oIVLfFPnzgLxcKqY9m3blGgKCfnGl3oUXREjkYfe-rAScXYjrhmpFXQ9-jVFUxVFTBheW6rjHhmQRj5bZyAzL8OFTUVP5a59la8WIpjE789oYTwKp2CxhJDzNRGWxpi7PsXPMmTC9KsgU0Cn4" alt="BONK Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BONK/USDT
 </figcaption>
</figure> 
<p>The Moving Average Convergence Divergence (MACD) displays a rising pattern in the red histogram, and its averages show a constant decline in the chart. Furthermore, the Cross EMA 50-day records a bearish curve, suggesting the price will continue losing value in the coming time.</p> 
<p>Positively, if the bulls regain momentum, the BONK memecoin price will prepare to test its upper resistance level of $0.000027 this month. However, if the bears overpowered the bulls, the BONK price may fall toward its low of $0.00000950.</p> 
<h2 class="wp-block-heading" id="h-dogwifhat-wif">dogwifhat (WIF):</h2> 
<p>The second most successful memecoin of the Solana-based ecosystem, the dogwifhat (WIF) token, displayed a similar to that of the category leader, the Bonk by recording a correction of over 37% within the past seven days. This resulted in the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> falling to test its crucial support level at $2.096.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/kZ5_YrqmeR7nSPpPfL1c4yVJ1eelmtHHG8zvceJyFAgip2RtdymtRJRICd34cZuigUSdPPqxWmh5obbQN6XXyL3pC9RKeEfkNkUzN2RVILPiRnR_hWJbkEewHVuHj89A0uH32XNPkd5UKyk1cuNXgoE" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: WIF/USDT
 </figcaption>
</figure> 
<p>The WIF price is on the verge of breaking below its Cross EMA 50/200-day, suggesting a negative price action in the coming time. Moreover, the MACD displays a constant rise in the red histogram with its averages showing a steady drop in its price chart.</p> 
<p>If the memecoin category displays a bullish reversal, the WIF price will run to test its high of $4 during the upcoming weeks. Negatively, a bearish price trend may pull the price toward its lower support level of $1.23.</p> 
<h2 class="wp-block-heading" id="h-arweave-ar">Arweave (AR):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/arweave-ar-price-prediction/">Arweave coin price</a> has turned out to be one of the top losers of the Solana ecosystem as it has recorded a correction of approximately 30% to its valuation. This has resulted in the AR price erasing all its gains over the past two months.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ofKAHI1lfyjiiL3qKI7At965jLQxKJZdRk04IM6n7_-XlO1hx6KbRYRs8QsOG8ug3KkOu7LQqJ3_1pC0hTP6kdB0n3R82AvPyNkVFfD_iXgqlqu-pEQC3OWeuEEm-U2i6tQNodbGqRD4QO0wKhD-9Ig" alt="AR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: AR/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, displays a constant red histogram. Further, its averages show a significant drop in the chart. Furthermore, the Cross EMA 50-day records a bearish curve, suggesting a bearish price action in the coming time.</p> 
<p>If the market holds the price above the support level of $24.675, the AR price will regain momentum and test its upper level of $45 in the coming time. Conversely, if the bears continue to dominate the market, it will plunge toward its low of $19 by the month-end.</p>

Top Solana-based Tokens To Record Another Price Correction Of 10% This Month?

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