Bonk

dogwifhat

Popcat (SOL)

<p><strong>Date:</strong> Fri, Oct 11, 2024, 05:48 PM GMT</p><p>In today’s cryptocurrency market, Bitcoin (BTC) has made a strong recovery from yesterday’s sharp decline, bouncing back from $59K to trade above $62K. This upward momentum has sparked a rally in several major memecoins, particularly Solana-based ones like Dogwifhat (WIF), Popcat (POPCAT), and Bonk (BONK), which have all seen significant gains over the past 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1da2bcab315d4a569ea52df9efc28562.png" />Source: Coinmarketcap</p><h3 id="dogwifhat-wif">Dogwifhat (WIF)</h3><p>Dogwifhat (WIF), the top memecoin on Solana, has recovered quickly from yesterday’s low of $2.22 and is currently trading at $2.77, marking a 20% surge. The next key resistance level to watch for is $2.90. If WIF breaks through that level, we could see a major rally ahead, as this would signal a strong continuation of its upward trend.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/9a1fa483dfa44ce69eb72c485ed0ca53.png" /></p><h3 id="popcat-popcat">Popcat (POPCAT)</h3><p>Popcat (POPCAT) has caught the market&#39;s attention, rising 17% today and showing an impressive 130% surge over the last 30 days. It recently hit a new all-time high of $1.48 after breaking through a tough resistance zone between $1.04 and $1.07 on October 4th. Currently trading at $1.32, the bullish momentum could push it toward its next resistance at $1.44, which represents a potential 9% increase from here.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3aa6dc27cc6648d18b961f4db114660d.png" /></p><h3 id="bonk-bonk">Bonk (BONK)</h3><p>Bonk (BONK), Solana&#39;s second-largest memecoin by market cap, is also enjoying an 11% rise today. BONK found solid support after dipping to $0.00001919 yesterday and is now trading at $0.00002156. If the bullish momentum continues, BONK could target its next resistance levels at $0.00002325 and $0.00002616.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/414cfbbf54724b55bc3d7a32b2400eb9.png" /></p><h3 id="is-more-rally-ahead">Is More Rally Ahead?</h3><p>Chart analysis indicates that these Solana-based memecoins could be poised for further gains. However, the price movement of Bitcoin (BTC) remains a key factor. BTC is currently trading at $62,846 and could face resistance at $64,400, a level it struggled with previously. A clear breakout above this level could trigger a broader market rally, boosting the momentum for memecoins like WIF, POPCAT, and BONK.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e88d6e4c82544575b9acad6b87ffa32a.png" /></p><h3 id="conclusion">Conclusion</h3><p>The recent surge in Solana-based memecoins like Dogwifhat (WIF), Popcat (POPCAT), and Bonk (BONK) reflects the growing optimism in the market, fueled by Bitcoin&#39;s recovery. While the current bullish momentum suggests more gains could be on the horizon, it&#39;s crucial to monitor Bitcoin&#39;s performance closely, as it could dictate the next move for these memecoins.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.</p><p><strong>Also Read: </strong><a href="https://coinsprobe.com/is-sui-primed-for-a-mega-breakout-after-530-days-of-range-consolidation/" rel="noopener noreferrer nofollow">Is SUI Primed for a Mega Breakout After 530 Days of Range Consolidation?</a></p>

Top Solana-Based Memecoins WIF, POPCAT, and BONK On the Rise: Is More Rally Ahead?

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