Solana Memecoins Achieve $550M in 7-days: POPCAT, BONK, WIF Value Evaluation…

The Common Directional Index (ADR) reveals that POPCAT stays in an uptrend, with an ADR studying of 31.7—signifying robust directional motion. The worth motion exhibits that POPCAT has been consolidating close to the $1.22 degree, forming a base that would present the springboard for one more rally.

Quantity evaluation additionally helps this view, as current value declines have been met with lower-than-average promote volumes, suggesting that bulls are nonetheless in management.

POPCAT’s speedy assist lies at $1.22, and so long as this degree holds, the bulls have a superb likelihood of retesting the $1.31 resistance degree. Ought to POPCAT break beneath $1.22, it might retrace to $1.15, a key psychological assist.

Merchants ought to look ahead to bullish indicators round $1.22, as a rebound might set off a rally again in direction of $1.31. If bulls handle to interrupt this degree, the subsequent goal lies at $1.45, which marks a key resistance degree based mostly on historic knowledge.

Recap:

In conclusion, Solana’s memecoin sector has skilled vital development over the previous week, with POPCAT, BONK, and Dogwifhat (WIF) main the cost. Regardless of current retracements, the technical indicators counsel potential for additional good points as market sentiment stays bullish.

WIF’s 15% dip might quickly reverse, whereas BONK and POPCAT keep regular upward momentum.

As Solana’s value rally continues, these memecoins are well-positioned to capitalize on the broader market pattern, with key assist and resistance ranges in play for every.