Price Analysis

Top Solana-based Tokens To Invest As SOL Price Records Bullish Reversal!

Amid a bullish reversal in the cryptocurrency market, the Solana price has successfully regained momentum. Positively, the SOL crypto has added 6.21% to its portfolio within the past day with a change of +32.02% in its trading volume.

Following this, SOL-based altcoins have displayed a similar trend by adding significant valuation to their respective portfolios over the past two days. With the rising bullish sentiment, will Solana’s altcoin lead the upcoming AltSeason?

Planning on investing in SOL-based altcoin for the upcoming bull run? But concerned about its future prospects?

Dive in as, in this article, we have covered the top 5 Solana-based altcoins that have the potential to record massive gains in their respective portfolios during the upcoming months.

The Graph (GRT):

The GRT price continues to trade within its closed range between $0.1775 and $0.2325 for a brief period, indicating a weak price action for the altcoin in the crypto space. However, following the bullish reversal, this AI token has surged approximately 5% within the past day with a jump of 42% in trading volume.

TradingView: GRT/USDT

The Simple Moving Average (SMA) records a potential positive crossover in the 1D time frame, suggesting a rising bullish sentiment for the Graph price in the crypto space.

Moreover, the MACD displays a rising green histogram, indicating an increase in the buying-over-selling pressure. Further, the averages show a bullish trend, highlighting a positive outlook for the GRT crypto in the coming time.

If the market pushes The Graph token price above the resistance level of $0.2325, the bulls will regain momentum and head toward its high of $0.3550. Conversely, a bearish action could pull the GRT coin price toward its low of $0.1775 this month.

Popcat (SOL) (POPCAT):

The POPCAT project is the outcome of a popular meme of a cat named “Oatmeal”. The meme shows the cat’s face comically open forming an “O” shape. This altcoin takes its inspiration from BONK, a Solana-based memecoin that has surged over 1,000X since its inception.

Positively, this altcoin has jumped 6.28% within the past 24 hours with a change of 6.38% in its trading volume. Moreover, the POPCAT price has surged 171.25% within the past seven days and 67.56% over the past 30 days. Notably, the altcoin has a Year-to-Date (YTD) return of 8,176.28%.

With a trading price of $0.672, a circulating supply of 979,973,185 POPCAT, and a total supply of 979,973,221 POPCAT tokens, it has successfully secured the 206th position with a market capitalization of $658.62 Million.

Dogwifhat (WIF):

Amid increased price volatility in the crypto market, the WIF price has successfully regained momentum. This resulted in the memecoin breaking out of its important resistance level at $2.10. Moreover, the dogwifhat price has jumped 13.45% within the past day and 48.75% over the past week.

Dogwifhat Price Analysis
TradingView: WIF/USDT

The Relative Strength Index (RSI) has displayed a sharp rise toward its mid-point from the oversold range, indicating increased bullish sentiment in the cryptocurrency market. Further, the average shows a positive action, suggesting the WIF crypto will continue gaining value this week.

Positively, with a trading value of $2.301, the dogwifhat price has claimed the title of the 4th most successful memecoin with a market capitalization of $2.306 Billion and a total supply of 998,845,828 WIF tokens.

If the crypto market continues trading in favor of bulls, the dogwifhat crypto will prepare to test its upper resistance level of $3.990. However, if the bears regain momentum, the WIF price will drop toward its crucial support level of $1.240.

Myro (MYRO):

Launched on the Solana chain in November 2023, the MYRO token is named after the founder of Solana’s founder Raj Gokul’s dog. This memecoin gained significant attention in the crypto market during the Solana buzz in the Q1 of 2024.

With the rising bullish sentiment in the cryptocurrency market, the Myro price has added 5.62% to its portfolio within the past day with a trading volume of $22.51 Million, a jump of 16.28%. Moreover, this altcoin has surged 14.13% within the past week and has a YTD return of 540.28%.

At the time of writing, the MYRO crypto had a trading price of $0.1437. Moreover, with a circulating supply of 944,203,815 MYRO and a total supply of 999,981,491 MYRO tokens, it has secured the 301st position in the global crypto-list with a market cap of $135.64 Million.

Bonk (BONK):

The BONK memecoin has successfully retested its important support level of $0.00002125. This has resulted in the BONK price recording a surge of over 10% within the past day and 26.16% over the past week. Furthermore, this SOL-based memecoin is currently headed toward its resistance level of $0.0000270.

Bonk Price Analysis
TradingView: BONK/USDT

The Moving Average Convergence Divergence (MACD) displays a constant rise in its green histogram, indicating an increase in the buying pressure within the crypto space. Furthermore, the averages highlight a bullish pattern, suggesting the price will continue gaining value this week.

Moreover, the SMA indicator constantly supports the price chart in the 1D time frame, hinting at a potential bullish price action during the upcoming weeks.

If the bulls continue to gain momentum, the BONK crypto price will prepare to test its upper resistance level of $0.00003390 this month. Negatively, if the bears overpowered the bulls, the BONK price would plunge toward its important support level of $0.0000150.

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