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Best Solana Tokens to Invest in as SOL Price Makes Bullish Reversal!
Amid a bullish reversal in the cryptocurrency market, Price Solana has successfully regained momentum. Positively, the SOL cryptocurrency has added 6.21% to its portfolio over the past day with a change of +32.02% in its trading volume.
Subsequently, SOL-based altcoins have shown a similar trend by adding significant valuation to their respective portfolios over the past two days. With the rising bullish sentiment, will Solana altcoin lead the next AltSeason?
Are you thinking of investing in SOL-based altcoins for the next bull run? But are you worried about its future prospects?
Read on because in this article, we have looked at the top 5 Solana-based altcoins that have the potential to see huge gains in their respective portfolios in the coming months.
The graph (GRT):
THE GRT Price continues to trade in its closed range of $0.1775 to $0.2325 for a short time, indicating a weak price action for the altcoin in the cryptocurrency space. However, following the bullish reversal, this AI token is up around 5% in the past day with a 42% jump in trading volume.
TradingView: GRT/USDT
The simple moving average (SMA) registers a potential positive crossover in the 1D time frame, suggesting increasing bullish sentiment for the price chart in the cryptographic space.
In addition, the MACD shows a rising green histogram, which indicates an increase in buying-selling pressure. Furthermore, the averages show an uptrend, highlighting a positive outlook for the GRT cryptocurrency in the near future.
If the market pushes the price of The Graph token above the resistance level of $0.2325, the bulls will regain momentum and head towards the high of $0.3550. On the contrary, a bearish action could push the price of GRT coin towards the low of $0.1775 this month.
Popcat (SOL) (POPCAT):
The POPCAT project is the result of a popular cat meme called “Oatmeal.” The meme features a comically open cat face that forms an “O.” This altcoin draws inspiration from BONK, a Solana-based memecoin that has increased over 1,000 times since its inception.
Positively, this altcoin has jumped 6.28% in the last 24 hours with a 6.38% change in its trading volume. Additionally, POPCAT price has risen 171.25% in the last seven days and 67.56% in the last 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 cap of $658.62 million.
Dog Wife (WIF):
Amidst increasing price volatility in the cryptocurrency market, WIF Price has successfully regained momentum. This has led memecoin to break out of its major resistance level at $2.10. Furthermore, dogwifhat price has jumped by 13.45% in the past day and by 48.75% in the past week.
TradingView: WIF/USDT
The Relative Strength Index (RSI) has shown a sharp rise towards its midpoint from the oversold range, indicating a growing bullish sentiment in the cryptocurrency market. In addition, the mean is showing a positive action, suggesting that the WIF cryptocurrency will continue to gain value this week.
Positively, with a trading value of $2,301, the dogwif hat price has taken the title of the 4th most successful memecoin with a market cap of $2.306 billion and a total supply of 998,845,828 WIF tokens.
If the cryptocurrency market continues to trade in favor of the bulls, dogwifhat cryptocurrency will prepare to test its upper resistance level of $3,990. However, if the bears regain momentum, WIF price will decline towards its crucial support level of $1,240.
My (MIRO):
Launched on the Solana chain in November 2023, the MYRO token is named after Solana founder Raj Gokul’s dog. This memecoin attracted considerable attention in the cryptocurrency market during the Solana buzz in Q1 2024.
With the growing bullish sentiment in the cryptocurrency market, Myro price added 5.62% to its portfolio in the past day with a trading volume of $22.51 million, a jump of 16.28%. Furthermore, this altcoin is up 14.13% in the past week and has a YTD return of 540.28%.
At the time of writing, MYRO cryptocurrency 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 cryptocurrency list with a market capitalization of $135.64 million.
Bonk (BONK):
The BONK memecoin has successfully retested its important support level of $0.00002125. This has led to the BONK Price registering a surge of over 10% in the past day and 26.16% in the past week. Furthermore, this SOL-based memecoin is currently headed towards its resistance level of $0.0000270.
TradingView: BONK/USDT
The Moving Average Convergence Divergence (MACD) shows a steady increase in its green histogram, indicating an increase in buying pressure within the crypto space. Furthermore, the averages are showing a bullish pattern, suggesting that the price will continue to gain value this week.
Furthermore, the SMA indicator is consistently supporting the price chart in the 1D time frame, suggesting potential bullish price action in the coming weeks.
If the bulls continue to gain momentum, the BONK Cryptocurrency the price will prepare to test its upper resistance level of $0.00003390 this month. On the negative side, if the bears overpower the bulls, BONK price will crash towards its important support level of $0.0000150.