The post Solana-Based Meme Coins Ready For October Rally: Top Picks to Watch! appeared first on Coinpedia Fintech News
Amid the increasing volatility in the crypto market, Solana-based meme coins are ready for bullish action. With V-shaped reversals to breakout rallies, these coins are set to explode this October.
Curious to know which coins we are talking about. Find out now in a well-detailed price analysis of top Solana-based meme coins.
Solana-based Meme Coins Ready To Rally:
PopCat (SOL) (POPCAT)
With a market cap of $1.21 billion, the PopCat meme coin has increased by 26% in the past 7 days. In the last 24 hours, it has increased by 4.98% and is currently trading at $1.24.
The meme coin shows a triangle breakout rally forming a rising channel pattern in the daily logarithmic price chart. Based on the Fibonacci levels, the bull run struggles to surpass the 1.272 Fibonacci level at $1.35.
With a 10.16% gain last night to form a bullish engulfing candle concluding the three-day downfall of 17.13%, the PopCat struggles to hold the momentum. With an intraday pullback of 2.46%, the meme coin is gradually losing momentum.
In case of a breakdown rally, the crucial supports for PopCat are present at $0.97 and the 50-day EMA at $0.89. In a bullish continuation, the resistance levels are present at $2.2 and $4.41 at 2.272 Fibonacci levels.
Want to know how far the Popcat price could go in the future? Read our Popcat Price Prediction for insights!
Cat in a Dogs World (MEW)
Witnessing a 20% jump in the past seven days, the “Cat in a Dogs World” meme coin has a market cap of $80.26 million. Further, with the 24-hour surge of 1.16%, the MEW token currently trades at $0.005901.
The MEW token price action reveals an ascending triangle pattern in the daily logarithmic price chart. The glass ceiling of the triangle pattern stands at $0.0077.
Meanwhile, the current market price shows a bullish attempt to sustain dominance above the 78.60% Fibonacci level at $0.0059. The breakout chances for the meme coin are increasing with a rounding bottom reversal cycle within the triangle pattern.
For the breakout rally, the potential price targets are at $0.016 and $0.057 on the logarithmic scale. Meanwhile, the support levels are at $0.0048 and $0.0041.
MAGA (TRUMP)
With the US presidential elections coming closer, the political meme coin tokens are back in action. Under such conditions, the MAGA Trump token has increased by almost 60% in the last seven days, with an intraday gain of 16.07%.
The political meme token holds a market cap of $204 million. The Trump token reveals a bullish breakout of a falling channel pattern with a V-shaped reversal in the daily logarithmic price chart.
Starting the reversal from $1.657, the meme coin has increased by 170% in the past 18 days. Crossing the 50-day EMA and heading towards the 50% Fibonacci level at $5.42, the breakout rally in the TRUMP token price is likely to approach the $10 psychological mark or the $17 peak.
On the flip side, the crucial supports for the meme coin are present at the 50-day EMA at $3.34 and the 23.60% Fibonacci level at $2.90.