dogwifhat

Popcat (SOL)

cat in a dogs world

Date: Mon, Dec 16, 2024, 06:17 AM GMTThe cryptocurrency market has been riding in bullish mode since Donald Trump’s victory in November, sparking a significant rally. Bitcoin (BTC), leading the charge, has climbed an impressive 54% over the past 60 days, reaching a new all-time high of $106,000 today. While many major tokens bask in bullish momentum, the meme-inspired coin market is presenting a mixed picture.Old-school favorites like Dogecoin (DOGE) have surged over 200% in the same period, benefiting from heightened liquidity. However, Solana-based memecoins like Dogwifhat (WIF), Popcat (POPCAT), and Cat in a Dog’s World (MEW) have faced notable corrections, with prices now approaching critical support levels. Here’s a closer look at their current performance and potential paths ahead.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/20ce15be500d4e609a21bfa54eb5a35a.png" />Source: Coinmarketcap<h2 id="header-0">Dogwifhat (WIF)</h2>Recent Performance: WIF has seen a 25% decline over the last 30 days, pushing its price near a crucial support zone between $2.73 and $2.80. It is currently trading slightly above this level at $2.80.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/26768aef346740c6848ee87578909a56.png" />Outlook: If WIF can hold this support and initiate a reversal, it could aim for its descending resistance trendline around $3.50, representing a potential 25% upside from the current price.<h2 id="header-1">Popcat (POPCAT)</h2>Recent Performance: POPCAT has experienced a steeper decline, losing 38% in value over the past month. It now trades at $1.12, just above its key support level of $1.00.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/09c8399532824f619e4a9f1037a320f1.png" />Outlook: A successful bounce could propel POPCAT toward its next resistance at $1.60, offering an attractive 41% upside from its current price.<h2 id="header-2">Cat in a Dog’s World (MEW)</h2>Recent Performance: MEW has dropped by 31% in the last 30 days, with its price stabilizing near the important support level of $0.0071. It is currently trading at $0.007753.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/510f02231d1b4d419950dd1a922ea55e.png" />Outlook: A reversal here could drive MEW toward the next resistance at $0.0088, representing a 13% upside.<h3 id="what-s-next">What’s Next?</h3>As all three memecoins hover near key support levels, recent price action suggests potential for a rebound. However, these assets remain highly volatile and influenced by broader market sentiment. A reversal could lead to meaningful gains, but caution is advised, as failure to hold support levels might result in further downside.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making investment decisions in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/top-altcoins-to-watch-out-for-potential-gains-this-week-ftm-hnt-and-ens-in-focus/" rel="noopener noreferrer nofollow">Top Altcoins To Watch Out For Potential Gains This Week: FTM, HNT and ENS In Focus.</a>

Top Solana Memecoins WIF, POPCAT and MEW Hits Key Support Amid Corrections: What's Ahead?

Table of Contents

CoinsProbe

Other articles published on Dec 16, 2024

Ripple CTO anticipates the shortage of RLUSD soon after its launch

ENS Partnered with Ubisoft to Create Unique Gaming IDs

MicroStrategy registers new $1.5b Bitcoin buy

4 Important Altcoins Other Than Ethereum (ETH) and Ripple (XRP) to Know About

Chainlink VRF Empowers BetSwirl on Base, Paving the Way for Transparent Gaming

Justin Sun’s Ethereum Moves Stir Market Speculations Amid ETH Price Surge

Join our free newsletter for daily crypto updates!