dogwifhat

Solana

Bonk

Divergence

The post <a href="https://coinpedia.org/price-analysis/solana-based-memecoins-surge-wif-and-bonk-price-to-jump-50-in-may/" rel="noopener noreferrer nofollow">Solana-Based Memecoins Surge! WIF And Bonk Price To Jump 50% In May?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Solana ecosystem has displayed a significant uptrend in its valuation over the past weekend, indicating a rise in bullish sentiment for this category. Moreover, the SOL-based memecoins have recorded a bullish trend reversal, suggesting a positive price action for these tokens.
The most successful memecoin on the Solana blockchain, the WIF price has added 23.14% within the past 24 hours, whereas the BONK price has jumped 31.80% during the same time, indicating investors’ rising interest in it.&nbsp;
<h2 class="wp-block-heading" id="h-bonk-bonk">Bonk (BONK):</h2>
After successfully claiming the title of the best-performing token of 2023 with a surge of over 10,000%, the <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/" rel="noopener noreferrer nofollow">BONK price</a> continues to trade under a strong bullish price action by adding over 100% to its portfolio since the year started.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/-W2MlDLjCRQaqrFdHtkEfYdj8Agc8L8zkLUc7XDsIxv5tObtDcfbXsYuAZfzw6L2_jNeCe_uo7liHRJejOy6tEh4EWpqy2D7OJFURIBwqPHkqsG64yAdmNz0qKwvQysH7ppHzHoBDL-JGAG9gzGyWo4" alt="BONK Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BONK/USDT
 </figcaption>
</figure>
Furthermore, the BONK memecoin is on the verge of testing its upper level, the outcome of which is unpredictable. Overall, the memecoin category has displayed a significant bullish price movement post Bitcoin Halving, indicating a high possibility of a Memecoin Mania in the upcoming months.&nbsp;
The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the bull power of the crypto market. Moreover, the averages show a bullish convergence, suggesting a positive outlook for the altcoin in the coming days.
If the market pushes the BONK price above the resistance level of $0.000028, the bulls will continue rising and prepare to test its upper resistance level of $0.0000377. Conversely, bearish price action may pull the price toward its support level of $0.0000129.
<h2 class="wp-block-heading" id="h-dogwifhat-wif">dogwifhat (WIF):</h2>
Since its launch, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" rel="noopener noreferrer nofollow">dogwifhat price</a> action has constantly been discussed among investors. Positively, the memecoin has surged 2,107% since its inception, highlighting a high potential for this memecoin in the long-term perspective.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/2zxVXO_tMwrIAyCEYMnfm1ZIvJvcA6m10qGFwO_1ow6GTRLrTVBYYopjxP_0D1_TVW1n1dzzg5xdAzCILWXJg7LB-J_2MDMwpIP-AzFVWeh5SlI3LQBF_oaTSLTdZ1udT1xjKmeU1Bt2KhOTz2xrs-k" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure>
Despite a bearish trend in the market, the dogwifhat price has added approximately 50% over the past 30 days. Moreover, the Simple Moving Average (SMA) acts as a support to the price chart, suggesting a strong bullish influence for the memecoin in the cryptocurrency industry.&nbsp;
The technical indicator, MACD, shows a constant decline in the red histogram, indicating increased price action for this memecoin in the market. Furthermore, the averages display a bullish crossover, highlighting the price will continue gaining value in the coming time.
If the WIF price holds its value above the support level of $3.050, the bulls will prepare to test its upper resistance level of $3.90 over the coming weekend. However, if the bears overpowered the bulls, the price will fall toward its support level of $3.050.

Solana-Based Memecoins Surge! WIF And Bonk Price To Jump 50% In May?

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