Top Solana Meme Coins for 10x Returns

Solana price has done well this year and is now hovering near its all-time high. In our recent post, we predicted that the SOL price would ultimately jump to over $500 in the ongoing crypto bull run. If this forecast is accurate, analysts believe that some Solana meme coins will do much better. Here are some of the top Solana meme coins for 10x returns.

Solana price has done well this year and is now hovering close to its record highs.

In our recent post, we predicted that the SOL price will eventually clock gains of over $500 in the ongoing crypto bull run. If this prediction holds, some Solana meme coins are poised to deliver even greater returns. Here's a look at some of the top Solana meme coins for 10x gains.

Bonk (BONK)

As the OG of the Solana meme coin ecosystem, Bonk has been a phenomenal investment over the past two years. It has surged by over 21,000%, making it record-breaking cryptocurrency gains. This gain has pushed its market capitalization to over $3.5 billion.

There's still more room for a BONK rally if the broader crypto industry maintains its bullish momentum. On the weekly chart, we can see that the Bonk token has been on a strong bullish trend over the past few months. But recently, it has declined for two consecutive weeks. It has shed gains of about 22% from its record highs.

This decline is significant because it forms the handle in the cup and handle chart pattern, which is a classic bullish technical indicator. In this case, the depth of the cup is about 70%, which suggests that the coin could now rally by the same magnitude over the next few months.

Adding credence to the bullish case is the fact that the BONK price is close to completing a hammer candlestick pattern, which is a strong bullish technical indicator. More gains will be signaled if the token manages to close above the record highs at $0.000059.

Read more: Bonk Price Prediction: Can The OG of Solana Meme Coins Rebound?

Dogwifhat (WIF)

Dogwifhat is the second-largest Solana meme coin, boasting a market cap of over $3.2 billion. The WIF token has faced some challenges in recent weeks as investors shifted their attention to newer meme coins, such as GOAT and PNUT. It has declined over 31% from the highest point it reached this month.

On the brighter side, WIF has formed a falling wedge chart pattern, which is a classic technical indicator of a bullish reversal. This pattern is characterized by two falling and converging trendlines. As the two lines near their convergence, the asset typically makes a strong bullish breakout.

The recent decline was part of a break-and-retest pattern as the coin fell back to the $2.89 support level, which is the neckline of the inverse head and shoulders pattern. The decline was also part of the fourth wave of the Elliott wave pattern.

Thus, with the retest now complete, the coin is likely to clock gains of up to $10 in the ongoing crypto bull run.

Popcat (POPCAT)

Popcat is another Solana meme coin that could clock strong gains over the next few months. Like Dogwifhat, it has been left behind in the ongoing bull run, having dropped over 34% from its highest level this year.

POPCAT has also broken below a crucial support level drawn by connecting the lowest swings since September 24. It has also fallen below the 50-day moving average, which indicates that the bears are in control, at least for now.

However, the Popcat price has also formed a small doji pattern, which suggests that a rebound is imminent. If this occurs, the first target will be the year-to-date high at $2.07. A move above this level will indicate further gains, potentially up to $5.

Solana meme coins: Conclusion

BONK, WIF, and Popcat are three top blue-chip Solana meme coins that could deliver 5x gains or more. But the best way to trade these meme coins is to watch for new hyped tokens, as we saw with GOAT and PNUT, which quickly ascended from obscurity.