Solana Memecoins Season Spikes Are Traders' Favorite Sessions, Rally Likely to Begin Again After Short Bearish Phase

Amid the crypto market recovery today, top Solana memecoins Dogwifhat (WIF), BONK,  and Popcat Sol have shown a significant surge. Additionally, The fundamentals and technicals of these coins paint a bullish ride in the short and mid-term.

Solana memecoins, especially Dogwifhat (WIF), BONK, and Popcat Sol, have shown a significant surge amid the crypto market recovery today. Here's a closer look at their performance and technicals:

Solana memecoins, known for their rapid spikes, have become traders' favorite sessions. After a short bearish phase, the rally is likely to begin again.

Top Solana Memecoins Spike as Crypto Market Recovers; Rally to Begin Soon?

Solana memecoins, especially Dogwifhat (WIF), BONK, and Popcat Sol, have shown a significant surge amid the crypto market recovery today. Here's a closer look at their performance and technicals:

Solana memecoins, known for their massive spikes, have become traders' favorite sessions. After a short bearish phase, the rally is likely to begin again.

Top Sol meme coins at the time of writing have surged, where WIF is up by 2%, Bonk made an intraday high of nearly 2.5%, and Popcat Sol is up by 6.23%.

It is interesting to see the weighted sentiments for all three coins also recovered from the negative zone to the positive zone.

DogWifhat (WIF)

Currently trading at $1.7 with a 24-hour surge of 2%, the WIF coin has been resilient to market trends and recovered from the monthly low around $1.1 on the 5th of August.

The Coinglass data reveals interesting data that says WIF's long/short ratio has grown. This means the number of long positions on exchanges is higher than shorter ones. This is usually considered to be a bullish move for assets.

The Relative Strength Index (RSI) and Money Flow Index (MFI) show a sideway route, indicating a slow growth for a day but an upward trajectory.

The Chaikin Money Flow (CMF) indicators open up slightly bullish situations.

BONK

Bonk, one of the top Solana memecoin today has moved to an intraday high of 4% and currently changing hands at $0.0000196.

This BONK crypto has been in a downtrend since the beginning of August; however, the analysis today reveals a possible bullish situation.

On applying the MFI and CMF indicator, there is an uptick in direction indicating a surge, and the MACD reflects a bullish crossover that is going to take place.

Though the memecoin is trading above the crucial support price, there is strong support at $0.0000187 and $0.0000179.

With regard to the positive marker trends and technicals, BONK will need to hit the $0.000025 to officially join and begin the Solana memecoins season rally.

POPCAT SOL

Popcat happened to be the top gainer of all, this Solana meme coin has moved 10% in the last 24 hours, and trading at $0.5816 at the time of writing.

The MFI and CMF indicators show a good north direction, and the POPCAT was seen testing its crucial resistance near 20-day SMA price.

The Overall chain data and market conditions indicate a possible Solana meme coins season.

Traders keep a closer watch on the resistance levels of these tokens, to grab the opportunities.

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