Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level. As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue to be bearish. Is SOL Preparing For $100? Triple Bottom Forms Though some analysts are upbeat, expecting a rebound toward the $200 zone in the coming days and weeks, others are bearish. Taking to X, one analyst said SOL, in line with the current state of price action, thinks the coin will slip to as low as $100. Related Reading: Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market? This outlook, it should be noted, follows the recent drop from a key resistance, previously supported, level at around $140. With the coin changing hands at $130, the analyst is convinced there will be more losses in a bear trend continuation pattern. From his outlook, SOL will trickle lower “if nothing changes” in the market. The forecast, looking at the candlestick formation in the daily chart, isn’t surprising. As mentioned earlier, SOL is down by nearly 40%% from March highs. With prices consolidating and moving inside a wide range of between $210 on the upper end and $130 on the lower end, this prediction aligns with recent price movement. Presently, SOL is now retesting multi-month support as a triple bottom form. For the printout of the uptrend from October 2023 to March 2024, SOL must find support around spot rates. Subsequent gains above $140 and $160 could spark demand, lifting the coin toward $190 and, finally, $210 or 2024 highs. Solana Dumps, Bitcoin Sell-Off And Pump.fun Liquidation Impact Sentiment Even so, the leg up will depend on a multitude of factors. A recovery in Bitcoin prices would almost likely lift altcoins, of which SOL is highly ranked. Besides this, the resurgence of meme coin activity on Solana will be a big price movement. Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An Insane Rally Lookonchain data shows that Pump.fun, a meme coin launchpad on Solana, has been liquidating SOL. Being a large holder, their action is net-negative, impacting sentiment and helps sow doubt on the strength of buyers. As a SOL whale, the more they sell, the more retailers dump, following in their path. By September 3, the meme coin launchpad had sold over 264,000 SOL worth more than $1.3 million. Feature image from Shutterstock, chart from TradingView

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What Happened to Jason Derulos Meme Coin? No Updates Since July

Derulo assured users that he would not scam them like other celebrities had done; however, the opposite appears to be the case.

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KAMA Memecoin Soars 10% Following Putins Endorsement Of Kamala Harris

A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi tokens activity. Putin Endorses Kamala Harris’ Campaign As the US elections get closer, the presidential candidates continue to [...]

The post KAMA Memecoin Soars 10% Following Putins Endorsement Of Kamala Harris appeared first on Crypto Breaking News.

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Poodlana investors eye more returns amid buying opportunity

As major cryptocurrencies struggle, savvy investors know there’s an opportunity to buy low. While accumulating sats is undoubtedly a great move, the possibility of hitting a gem has traders and investors scouring the market. Poodlana (POODL), a newly-launched cryptocurrency that captured the attention of meme enthusiasts and fashion-centric investors alike, stands out as one of […]

The post Poodlana investors eye more returns amid buying opportunity appeared first on CoinJournal.

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New Ethereum DEX Ethervista Guzzles Gas, Bucking Low Network Fee Trend

An Ethereum decentralized exchange called Ethervista has been consuming a lot of gas as users flock to the latest meme coin-generating marketplace.

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PEPE Confirms Breakout From Symmetrical Triangle: How Far Can It Go?

Meme coin PEPE has been on an impressive rally for some time now. Stemming from a broader influx of funds into the meme coin sector and the overall cryptocurrency market that has been in motion for the past two weeks, PEPE is currently up by 38% in the last seven days, outperforming its meme coin counterparts with larger market caps. Related Reading: UNI Surges 30% Amid Ongoing On-Chain Development Talks Interestingly, this impressive price action has seen PEPE breaking out of a downtrend pattern that has lasted for the past six months. This significant development was highlighted on the social media platform X by well-known crypto analyst Captain Faibik. According to the analyst, PEPE’s price action has resulted in an upward breakout from a symmetrical triangle pattern, a technical formation that has been dictating its consolidation period for half a year.  Breakout From 6-Month Consolidation Pattern Using a PEPE / Tether US chart shared on social media platform X, Captain Faibik highlighted PEPE’s price action since the beginning of the year. The chart showed that since it reached its all-time high of $0.00001717 on May 27, 2024, PEPE has yet to return to this price point. Periods of rallies have been characterized by the formation of lower highs and higher lows, leading to the formation of a symmetrical triangle pattern. PEPE’s recent 38% rally has seen the meme coin break out substantially from the upper resistance trendline of the symmetrical triangle. From this point, the only place left to go is up. Analyst Predicts 351% Surge To New ATH With the breakout confirmed, Captain Faibik has set a bullish price target for PEPE. In terms of a price target, Captain Faibik noted that PEPE is now clear for a rally to a new all-time high. Specifically, he predicted a rally to a price target of $0.00003214.  Getting to this price point would necessitate PEPE stepping into new price territories. Furthermore, the price target means PEPE would need to surge by an impressive 351.69% from its breakout point. Given the meme coin’s recent history, such a price surge is very possible, especially as the crypto industry is now transitioning into a predicted bullish fourth quarter. As always with meme coins, extreme volatility and rapid price changes are expected. This is because investments in meme coins largely depend on the general sentiment among cryptocurrencies like Bitcoin, Ethereum, and sometimes Dogecoin (the king of meme coins).  Related Reading: XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance At the time of writing, PEPE is trading at $0.00001125, still on a 38% gain throughout last week. Other meme coins are on comparable gains in this time frame. Shiba Inu (SHIB) is up by 32%, Dogwifhat (WIF) rose by 33%, Bonk (BONK) climbed by 30%, and Floki (FLOKI) added 23%. Dogecoin (DOGE), on the other hand, is up by a smaller 17% in the past seven days. These gains could continue into the coming week as the market remains bullish. Featured image from Rolling Stone, chart from TradingView

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Solana meme coin Moo Deng maintains over $300m market cap, continues to accumulate

MOODENG's rise underscores the persistent allure and volatility of memecoins, highlighting the speculative nature of the crypto market.

The post Solana meme coin Moo Deng maintains over $300m market cap, continues to accumulate appeared first on Crypto Briefing.

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Top Solana-based Memecoins For 2X Run This Uptober?

The post Top Solana-based Memecoins For 2X Run This Uptober? appeared first on Coinpedia Fintech News

As the Bitcoin price reclaims the $66,000 mark during the early Asian trading hours, the crypto market continues gaining momentum. Following this, the most volatile altcoin, Solana token has held its value above the $150 mark, indicating increased bullish action. Following this, top SOL-based projects have gained significant attention from the crypto space within a …

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Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump

Shiba Inu Killer Dogwifhat (WIF) has rallied substantially since the middle of September. Notably, the meme coin has rallied by about 32% in the past seven days, allowing it to outperform many cryptocurrencies and meme coins. Notably, this rally has prompted many bullish forecasts for the cryptocurrency.  Dogwifhat Back In The Spotlight Dogwifhats rise to prominence began in early 2024, as the meme coin community embraced it as a Shiba Inu Killer. Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be popular among meme coin investors and is supported by a strong online community. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhats recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Adding to the positive sentiment, another crypto expert, Gumshoe, highlighted a key development in WIFs market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term. According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Whats Next For Dogwifhat? At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84. Featured image created with Dall.E, chart from Tradingview.com

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Arthur Hayes Says Its Time for a Meme Coin Breakout: These Are His Latest Buys

Hayes has increased his positions on PEPE, MOG, and MOTHER, believing it is time for a meme coin season.

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Whales and Institutions Bet Big on Neiro Ethereum (NEIRO): Report

The post Whales and Institutions Bet Big on Neiro Ethereum (NEIRO): Report appeared first on Coinpedia Fintech News

Amid the ongoing significant price surge across the crypto landscape, whales and institutions have now shifted their focus on Neiro Ethereum (NEIRO) and are on a buying spree. On September 27, 2024, the on-chain analytic firm Spotonchain made a post on X (previously Twitter) that NEIRO seems to be in an accumulation phase. Whales and …

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DogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming?

Meme coins are bouncing higher, looking at CoinMarketCap data as of September 27. Dogecoin, the world’s largest meme coin by market cap, is up 16% over the last trading week. Shiba Inu and Pepe rallied in the same period, adding 37% and 27%, respectively. The expansion of meme coin prices has also been a boom to DogWifHat (WIF). Solana’s largest meme coin by market cap is up 14% on the last day, pushing weekly gains to over 31%. At the current valuation, WIF is the fourth most valuable coin, trailing Dogecoin, Shiba Inu, and Pepe. DogWifHat Whale Accumulating, Meme Coin Soaring Lookonchain data reveals that a meme coin whale accumulates as WIF prices tick higher. Tracking the address’ movements, the largest WIF holder, data shows, appears to be steadily accumulating.   Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% Details By buying as prices begin to recover from their August and September lows, the move is an endorsement of the meme coin’s potential in the coming months. On September 26, the whale borrowed 2 million USDC and bought 894,854 WIF at $2.24. Adding to his stash, the address now controls over 32 million WIF. This holding, Lookonchain analysts estimate, pushes the whale’s profits to over $86 million. However, the whale’s borrowing of USDC and purchase of WIF is not the first time. Mid this week, the same address borrowed 4.5 million USDC from Kamino and bought 2.55M WIF at $1.76. Looking at this trend, it is evident that the whale expects prices to continue printing higher highs. The daily chart shows that the meme coin is picking up steam. After sinking to March 2024 lows, the meme coin has recovered, doubling to spot rates. If WIF prices soar above $2.8 and July highs, there could be more room for growth. Ultimately, the medium-term target would be $4.8, a level last printed in March. However, for this to happen, WIF prices must more than double from spot rates. Will WIF Follow Popcat And Register Fresh Highs? The likelihood of WIF printing new all-time highs in the coming weeks or months cannot be discounted. Popcat, another meme coin on Solana, recently broke higher, registering new all-time highs above $1. At spot rates, the token is up nearly 120% in Q3 2024, attracting interest from whales. Related Reading: Ethereum: Analyst Sets $2,820 As ETHs Next Key Level to Watch, Heres Why After exiting for a loss, losing $611,000, Lookonchain data shows that the whale re-entered the Popcat market, spending $1.29 million worth of SOL to buy 1.3 million POPCAT at around $1. From the daily chart, a close above $1 will be crucial in sustaining the upside momentum. Feature image from iStock, chart from TradingView

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Are PEPE Bulls Set to Further Extend Their Gains?

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Dogecoin (DOGE) Climbs to $0.12 as Bulls Seek a Continued Rally

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Hamster Kombat Listing Hits The Market, But Fans Arent CheeringWhats The Deal?

Popular cryptocurrency game Hamster Kombat has started token listing on big markets including OKX and ByBit. Still, the continuous community turmoil around the recent HMSTR token airdrop has tempered the enthusiasm around the release. Related Reading: Popcat Climbs By 35% $1 Target Within Reach Hamster Kombat: ‘Unfair’ Token Distribution The Hamster Kombat crew has been alleged of unfair airdrop distribution of the HMSTR tokens. Many players who invested a lot of time and money in the game got only a meager fraction of the projected tokens; some barely had $50 worth. The community is particularly upset about the role of referrals in determining token allocations. The amount of tokens received by the player was comparatively higher in proportion to the number of referrals they have compared to the other regular players. Additionally, the team did not host over 2 million people in an airdrop after terming the users as “cheaters.” HAMSTER MATH The results of Season 1 have been finalized: Over 300 million people have joined Hamster Kombat since March 26, 2024, 131 million qualified for the airdrop on September 26th and around 2.3 million were banned as cheaters. 30.6 million of qualified pic.twitter.com/LH5eD3i8al Hamster Kombat (@hamster_kombat) September 22, 2024 Lack Of Transparency And Broken Promises Other criticism of Hamster Kombat is a perceived failure to be more open and lack fulfillment of some promises to the community. The team promised several large incentives to players, such as an “equally important” reward system which was never met. The use of “keys” during the final weeks of Season 1 also caused confusion since no clear information was issued regarding importance, with some players focusing just on collecting keys to later find out they are banned for shortchanging. Boycott Threats And Community Backlash The community’s dismay of the token distribution has resulted in a notable pushback. Many of the players labeling the airdrop a “scam” have expressed their wrath on social networking sites. Some have even promised to sell their tokens right away after listing and abstain from the game. The Hamster Kombat team has not yet provided a clear explanation or resolution for the community’s concerns. With millions of players potentially selling their tokens, the listing could face significant volatility and downward pressure on the HMSTR price. Those who follow the project actively and invest in the premarket should know that the price of the token may skyrocket to its correct value and drop to low levels. Most of the players and investors are seeing great hope in the listing, but this issue that came recently should make them take cautious steps. Meanwhile, Hamster Kombat will have to answer the complaints of the community and rebuild confidence when the dust settles if it is to keep its success and appeal over the long haul. Featured image from Protos, chart from TradingView

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Popcat Climbs By 35% $1 Target Within Reach

Popcat (POPCAT) is spearheading the movement to bring attention to Solana’s memecoins. Many of these projects are proving the critics wrong, despite others doubting their “shelf life.” Related Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts In the wake of Bonk’s ascent and its intention to introduce a Bonk ETP, Popcat has gained attention due to its most recent performance. Notably, CoinCodex has taken notice and has predicted that POPCAT’s price would grow significantly as long as its trading volume keeps increasing. Trade Volume Record Popcat’s trade volume increased by more than 128% in the last day, propelling it to the top of the CoinGecko charts. Its price has increased by an amazing 35% in the past week, demonstrating the great level of interest and activity surrounding the coin. Given the level of competition in the digital currency market, it is by no means a small achievement to witness such an activity boom. Curious to see how far this meme coin might grow by 2024, investors are closely keepin an eye on it. Popcat is now closer to $1. From the time of writing, CoinMarketCap displays an 18% surge in value in the 24-hour timeframe. The coin’s value has incrementally been rising since its launch in March 2024. Positive Signs The level of open interest has just reached an all-time high, which is indicative of a rise in the number of traders that are engaging. The fact that funding rates are still high lends credence to the expectation that this cryptocurrency with a cat motif will continue to rise. How high can Popcat truly go now that all of these signs point to a continuing rising trajectory? Analyst optimism is on the cautious side. Forecasts indicate that POPCAT could reach $2 by the end of the year, giving early investors a gain of over 100% if market conditions remain positive. Related Reading: Bittensor (TAO) Explodes By 81% Is $530 The Next Target? Navigating Market Vibes Even with all of Popcat’s hype, market sentiment right now is a mixture of caution and hope. By October 24, 2024, CoinCodex projects an astounding price increase of 228%, with a possible peak of $3.01. For the past month Popcat observed 50% of its trading days in the green and 17% price volatility. This statistics point to a relatively dynamic yet steady market environment. Popcats steady performance and the growing interest in Solanas memecoins paint an encouraging picture. The combination of trading volume, positive market indicators, and bullish forecasts suggest that Popcat could be a worthwhile investment. As always, potential investors should do their research and consider market conditions before diving in. Featured image from Pinterest, chart from TradingView

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Dogecoin and Shiba Inu Face a Drop in Address Count: Are DOGE and SHIB Prices Preparing for a Crash?

The post Dogecoin and Shiba Inu Face a Drop in Address Count: Are DOGE and SHIB Prices Preparing for a Crash? appeared first on Coinpedia Fintech News

Despite Dogecoin and Shiba Inu experiencing a noticeable recovery in the past week following the Federal Reserve’s decision on interest rates, their on-chain activities remain bearish. The meme coin market is currently struggling with reduced investor interest as the address counts for both Dogecoin and Shiba Inu continue to fall. This trend could pose challenges …

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Dogwifhat (WIF) Tops Crypto Market with 18% Gain, Whats Next?

The post Dogwifhat (WIF) Tops Crypto Market with 18% Gain, Whats Next? appeared first on Coinpedia Fintech News

The popular Solana-based Dogwifhat (WIF) meme coin is making waves in the cryptocurrency landscape with its impressive performance over the past 24 hours. On September 24, 2024, WIF topped the cryptocurrency market with a significant 16% upside rally and is currently trading near the $2.02 level.  WIF Price Momentum  Besides its impressive performance, WIFs trading …

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VP Kamala Harriss First Speech On Crypto Sparks 7% Rise In This Memecoin

Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected.  Harris Promises Support For Crypto And AI Speaking to donors at [...]

The post VP Kamala Harriss First Speech On Crypto Sparks 7% Rise In This Memecoin appeared first on Crypto Breaking News.

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Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump Details

Veteran bitcoin trader Bitlord recently made a strong call implying XRP is about to experience a big price surge. He claims the coin is “ripe” for a parabolic action that might make investors quite profitable. Related Reading: Bittensor (TAO) Explodes By 81% Is $530 The Next Target? XRP might see a significant price ascent, even if it lags behind other leading cryptocurrencies in recent increases. With a bullish XRP price prediction of 113% increase over the next year, CoinCheckup further fuels the increasing optimism on the token. XRP rose just 3% last week; in comparison major cryptocurrencies like Ethereum and Solana jumped by more than 10%. XRP was down 1% in the last 24 hours, while its competitors showed 2% increase. Still, Bitlord thinks the altcoin is set to explode in the next 24 hours. His reasoning isnt entirely clear, but his history of making accurate predictions is enough for many traders to watch the token closely. I think $XRP is ready -Expecting a parabolic explosion vertically within 24hrs. Dont sleep, millions can be made timing this move Crypto Bitlord (@crypto_bitlord7) September 22, 2024 Trading Momentum And Patterns Not only is Bitlord staring at XRP for a possible breakout. The Moon, another trader, has noted a symmetrical triangle pattern developing on the weekly chart of XRP. Often indicating a period of consolidation before a major change, this technical arrangement shows converging support and resistance lines. According to the trader’s study, XRP might explode by an amazing 221% should it break above the upper resistance line, hence perhaps guiding the price above $1.34. #XRP may explode in this bull cycle! If it breaks out of this massive triangle, it could go parabolic! pic.twitter.com/wG2SeexCca The Moon (@TheMoonCarl) September 21, 2024 Apart from these increases, XRP’s price movement over the past week shows encouraging signals. The coin showed a noteworthy peak for the month, touching $0.61 before declining to $0.5796. Given the traders’ ongoing interest in the asset, this surge might suggest more notable upward moves. XRP: Short-Term Gains Or Long-Term Play? Although some traders remain optimistic despite XRP’s slow performance in recent months casting questions on its capacity to maintain pace with rivals. Bitlord’s insistence on a parabolic action has some validity. Going from $0.43 to $0.6366, he counseled investors back in July to purchase XRP before it jumped by 48% within a week. Those who took his advice profited handsomely, and many are hoping for a repeat performance. Technical data from CoinCheckup only go to reinforce hope. Based on their prediction, XRP will surge 19% in the next month and 16% in the following three months. Their predicted growth of 138% in the next six months may indicate an excellent bull run. Related Reading: AAVE Hits New Highs, Breaks Out After 2 Years Of Consolidation Details A Potential Parabolic Move? It remains to be seen whether XRP would really see the parabolic surge Bitlord predicts. But the token looks to be preparing for something big with a mix of technical signs and positive sentiment. XRP may be appealing to traders seeking a high-reward opportunity, but timing will be vital as always in the erratic crypto market. Featured image from Bit Perfect Solutions, chart from TradingView

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