As the crypto market experiences increased volatility, Solana-based meme coins are gearing up for a bullish run. These coins are showing V-shaped reversals leading to breakout rallies, signaling a potential explosion in October.
If you’re curious about which specific coins we’re referring to, dive into a comprehensive price analysis of the top Solana-based meme coins below.
Solana-based Meme Coins Ready To Rally:
PopCat (SOL) (POPCAT)
PopCat, with a market cap of $1.21 billion, has seen a 26% increase in the past 7 days. Currently trading at $1.24, it has experienced a 4.98% surge in the last 24 hours.
PopCat is showing a triangle breakout rally forming a rising channel pattern in the daily logarithmic price chart. It has been struggling to surpass the 1.272 Fibonacci level at $1.35. Despite a recent 10.16% gain, the coin is facing some resistance and currently has a 2.46% intraday pullback.
In case of a breakdown rally, crucial support levels for PopCat are at $0.97 and the 50-day EMA at $0.89. On the other hand, in a bullish continuation, resistance levels can be expected at $2.2 and $4.41 at 2.272 Fibonacci levels.
For a deeper insight into the future price potential of PopCat, check out our PopCat Price Prediction.
Cat in a Dogs World (MEW)
The “Cat in a Dogs World” meme coin, with a market cap of $80.26 million, has seen a 20% increase in the past seven days. Currently trading at $0.005901, it has experienced a 1.16% surge in the last 24 hours.
The MEW token is displaying an ascending triangle pattern in the daily logarithmic price chart, with a key resistance level at $0.0077. The current market price suggests a bullish trend, with breakout chances increasing due to a rounding bottom reversal cycle within the triangle pattern.
Potential price targets for a breakout rally in MEW are at $0.016 and $0.057 on the logarithmic scale, while support levels are at $0.0048 and $0.0041.
MAGA (TRUMP)
As the US presidential elections draw near, political meme coin tokens like MAGA Trump are back in the spotlight. MAGA Trump has seen a nearly 60% increase in the last seven days, with a 16.07% intraday gain.
With a market cap of $204 million, the Trump token has broken out of a falling channel pattern with a V-shaped reversal in the daily logarithmic price chart. Starting the reversal from $1.657, the coin has surged by 170% in the past 18 days, aiming for the $5.42 level and potentially reaching $10 or $17.
Key support levels for TRUMP are at the 50-day EMA at $3.34 and the 23.60% Fibonacci level at $2.90.
