The Solana memecoins has successfully regained momentum as top SOL-based tokens have recorded the highest gains over the past week. While top memecoins continue struggling around their important resistance levels, these crypto tokens have recorded a double-digit price rally.
Following this, marketers are closely monitoring the action of Solana price and various projects on its ecosystem. In this article, we will uncover the top SOL memes that have the potential to record massive gains in the upcoming time.
Pepe Coin (PEPE)
The Pepe price today has maintained its bullish price action by adding 4.50% in 24 hours. Moreover, this memecoin has jumped 3.35% in seven days and over 50% during the past 30 days. With a market capitalization of $5.758 billion, this meme coin has secured the 25th position with a dominance of 0.1685%.
The Simple Moving Average (SMA) supports the PEPE memecoin in the daily time frame. On the other hand, the RSI indicator continues hovering between the neutral point and overbought range. This suggests a mixed price action for the meme coin in the crypto space.
The Pepe coin price could breach its immediate resistance level of $0.0000140 and head toward its upper price target of $0.0000170. However, if the bears dominate the crypto space, this may result in the price of PEPE crypto retesting its low of $0.00001140.
Dogwifhat (WIF)
The Dogwifhat has successfully reclaimed the $1 mark this week with a jump of 12.85% in 168 hours. Adding to this, this SOL-based meme coin has outperformed the top 12 memecoins with a monthly return of approximately 71%, resulting in it reclaiming the $1 billion market cap.
The Relative Strength Index (RSI) has failed to breach the overbought range in the daily time with its average trendline acting as a resistance to the WIF price chart. Adding to this, the Cross EMA 50/200-day is on the path of experiencing a Golden Cross, highlighting an increase in the buying-over-selling for it in the market.
If the market favors the bulls, the Dogwifhat price may retest its immediate resistance level of $1.460 this week. On the other hand, if the bears outrun the bulls, this could result in this meme coin crashing toward its immediate support zone of $0.875 soon.
Bonk (BONK)
After recording a neutral price action for a brief period, the BONK price has successfully regained momentum by constantly recording higher lows. With a market capitalization of $1.590 billion, this meme coin has a market dominance of 0.0465%.
The Moving Average Convergence Divergence (MACD) displays a constant red histogram with its averages recording a similar price action. However, the SMA indicator could achieve a bearish convergence soon, indicating a significant increase in the price action for the meme coin.
Suppose, a bullish reversal occurs, this could result in the price of Bonk memecoin retesting its important resistance level of $0.0000230. Conversely, a sustained bearish action may pull the value of this Solana meme coin toward its immediate support level of $0.00001575 in the upcoming time.
Also Read: XRP Strike Options Go Live on Crypto.com Amid ETF Hype
