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?

Table of Contents

CoinsProbe

Other articles published on Oct 11, 2024

Ethereum ETFs Lag Behind Bitcoin with Disappointing Stats in First 79 Days

The Next 1000x Crypto? AI-Driven Yield Aggregators and the Race to Outperform Solana

Legendary Trader Brandt Warns Bitcoin Price Might Collapse by More Than 75%

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Cumberland DRW Lawsuit Initiated by SEC for Securities Law Violations

Solana Continues to Outperform Ethereum, But Here’s Why SOL Price is Jammed Below $145

Join our free newsletter for daily crypto updates!