bullish

Solana

SLERF

Bonk

POPCAT

<p>The Solana ecosystem is ripe with opportunities for investors to capitalize on and increase their yields before year-end. SOL is known for its explosive moves either up or but with the next bull run thawing, a breach of the psychological $200 resistance level could trigger a major upturn in select crypto projects.</p>
<h2 id="tokens-likely-to-explode-as-solana-price-drops-to-collect-liquidity">Tokens Likely To Explode As Solana Price Drops To Collect Liquidity</h2>
<p>Solana price is closing in on an important support level at $140 after clawing back gains accrued during this week’s brief trend reversal to $160. The 200-day Exponential Moving Average (EMA) bucks the demand area, implying that the next rebound could surpass $160 to form a new trend targeting $200.</p>
<p>Traders will look out for a potential bounce from the 200-EMA support at $140 before the end of this week with intentions to buy and hold both in the short-term and long term. Day traders will have short-term goals at $150 and $160, but whales and other long-haul investors may want to hold onto the token at least until it is $200.</p>
<p>While trading Solana promises massive returns, some coins within the ecosystem could yield more. Bonk (BONKL), Slerf (SLERF), and Popcat (POPCAT) are the <a href="https://coingape.com/best-altcoins/" rel="noopener noreferrer nofollow">best altcoins to buy</a> before <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">SOL price</a> climbs above $200. All the tokens are trading at an impressive discount from the all-time high, which will ensure that investors significantly maximize profits.</p>
<ol>
 <li><h3 id="bonk">Bonk</h3></li>
</ol>
<p>BONK is a <a href="https://coingape.com/meme-coin/" rel="noopener noreferrer nofollow">top meme coin token</a> on the Solana blockchain. It functions as a community-driven asset, fostering engagement and supporting various projects within the ecosystem. BONK plays a crucial role in promoting decentralization and community-driven initiatives, contributing to the overall health and vibrancy of the SOL network.</p>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://www.tradingview.com/x/F28Kx9NP/" alt="solana altcoins " width="2694" height="1436">
 <figcaption class="wp-caption-text">
  Bonk price chart | Tradingview
 </figcaption>
</figure>
<p>Investors can focus on the dollar-cost average strategy as <a rel="noopener noreferrer nofollow" href="ps://coingape.com/price/bonk/">Bonk price</a> seeks support amid the sell-off in August, especially with the Moving Average Convergence Divergence (MACD) indicator set to send a buy signal on the four-hour chart. Similarly, the ascending trendline support near $0.000018 would be a good entry position to take an early positon before the next bullish breakout.</p>
<h3 id="2-slerf">2. SLERF</h3>
<p>SLERF is a SOL-based token that incentivizes liquidity providers through serum <a href="https://coingape.com/glossary/decentralized-exchange/" rel="noopener noreferrer nofollow">decentralized exchange</a>. It rewards users who contribute liquidity to Serum pools, promoting market depth and facilitating efficient trading. SLERF plays a crucial role in the ecosystem by ensuring the smooth functioning of DEXes and attracting liquidity to the platform.</p>
<p>The token has regained strength in the last few days, increasing by over 3% to $0.1566, <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/slerf">Coingecko</a> shows. It boasts a market cap of $78 million, attracting a trading volume of more than $15 million in 24 hours. A trend line support adds credence to the potential recovery, with bulls expected to push past the green supply area to ground the reversal in the coming weeks.</p>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://www.tradingview.com/x/6RBSN79H/" alt="Solana altcoins " width="2694" height="1436">
 <figcaption class="wp-caption-text">
  SLERF price chart | Tradingveiw
 </figcaption>
</figure>
<p>Should pressure increase on the sell-side and the trend line support crumble, investors will consider lowering their entries to $0.15, $0.14, and August’s lowest point to $0.1283. Resistance at $0.18 and $0.2 may delay the rally even if SOL price rises to $200.</p>
<h3 id="3-popcat">3. POPCAT</h3>
<p>POPCAT is a token used for in-app purchases, tipping, and governance. Its success has contributed to Solana’s growth and popularity, demonstrating the potential hype-based tokens to drive user engagement and ecosystem development. Amid the continuing sell-off, POPCAT sits about a robust trend line support reinforced by the 50-day EMA.</p>
<p>The bulls target a break above the $0.8 level, likely to pave the way for a drastic move above $1 in the next few days. A buy signal from the MACD adds credence to the bullish outlook, suggesting that a major rally is in the cards. The 20-day EMA support at $0.7 will allow investors to enter at a slightly lower price without increasing downside risks.</p>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://www.tradingview.com/x/q7AF6vnX/" alt="POPCAT price chart | Tradingview" width="2694" height="1436">
 <figcaption class="wp-caption-text">
  POPCAT price chart | Tradingview
 </figcaption>
</figure>
<p>If the pullback from resistance at $0.8 continues, POPCAT may extend the leg down to the 200-day EMA at $0.6. Depending on the general outlook in the market, it might be prudent to prepare for a sweep through $0.5 and $0.4 zones. Buying as the price dips will increase profitability as Solana explodes above $200.</p>
<p>The post <a href="https://coingape.com/markets/these-altcoins-can-explode-if-solana-clears-200/" rel="noopener noreferrer nofollow">These Altcoins Can Explode If Solana Clears $200</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

These Altcoins Can Explode If Solana Clears $200

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