dogwifhat

bullish

POPCAT

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<p><a href="https://coinpedia.org/news/solana-meme-coins-explode-time-to-buy-sol/" target="_blank" rel="noreferrer noopener">Solana's top meme coins</a> are currently outperforming major cryptocurrencies, experiencing notable price surges despite the ongoing bearish market sentiment. According to CoinMarketCap data, SOL-based Popcat (POPCAT) and dogwifhat (WIF) have surged by over 6.9% and 5.2% in the past 24 hours.</p>   
<h2 class="wp-block-heading" id="h-why-solana-meme-coins-are-rising"><strong>Why Solana Meme Coins are Rising?</strong></h2>   
<p>However, this notable price surge occurred during a period when major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) declined by 2.45% and 2.3%, respectively. This price jump in POPCAT and WIF is attributed to their bullish price action patterns and positive on-chain metrics.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-popcat-technical-analysis-and-upcoming-levels-nbsp"><strong>POPCAT Technical Analysis and Upcoming Levels&nbsp;</strong></h2>   
<p>According to expert technical analysis, <a href="https://coinpedia.org/crypto-live-news/smart-whale-sells-popcat-to-buy-6-56-million-sxp-tokens/" target="_blank" rel="noreferrer noopener">POPCAT</a> appears bullish and is poised for a massive upside rally in the coming days. After a massive price surge following the breakout of its consolidation zone at the resistance level, the meme coin successfully retested that level and is now forming a bullish engulfing candle. This formation signals a potential price rally in the coming days.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/10/11042843/POPCATUSDT_2024-10-11_04-28-29.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/11042843/POPCATUSDT_2024-10-11_04-28-29-1024x550.png" alt="" class="wp-image-363806"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Based on the recent data, there is a high possibility that the POPCAT could soar by 18% to reach the $1.46 level in the coming days.&nbsp;</p>   
<p>In addition to this bullish technical analysis, the meme coin’s open interest further supports this bullish outlook. According to the on-chain analytics firm Coinglass, POPCAT’s open interest has skyrocketed by 4.9% in the past 24 hours and 6.25% in the past four hours. This rising open interest indicates growing interest among traders and suggests they might be betting more on long positions.</p>   
<h2 class="wp-block-heading" id="h-wif-technical-analysis-and-upcoming-levels-nbsp"><strong>WIF Technical Analysis and Upcoming Levels&nbsp;</strong></h2>   
<p>Whereas, expert technical analysis indicates that the WIF has successfully retested its breakout level of $2.30, suggesting a bullish outlook. Based on the historical price momentum, if WIF closes its daily candle above the $2.43 level, there is a strong possibility it could soar by 20% to reach the $2.95 level in the coming days.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/10/11042859/WIFUSDT_2024-10-11_04-28-08.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/11042859/WIFUSDT_2024-10-11_04-28-08-1024x448.png" alt="" class="wp-image-363807"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Similar to POPCAT, WIF’s open interest has also jumped by 8.35% in the past 24 hours and 7.92% in the past four hours. This indicates that bulls are potentially focusing on long positions.</p>   [post_titles_links postid="363816"]

Solana Meme Coins Defy Crypto Market, What’s Happening?

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