Must Buy Solana Meme Coins For 5x Gains in the Uptober Rally

The Solana ecosystem is exhibiting wholesome development with the latest updates and developments in Token 2049. Moreover, the SOL had extra social involvement prior to now six months than Ethereum. Will this restoration push the Solana meme cash to new heights throughout Uptober’s rally subsequent month? Learn this evaluation for extra info.

Should Purchase Solana Meme Cash:

Gigachad (GIGA)

With a accomplished backside reversal on the every day chart, the Giga token is exhibiting a bullish restoration. After the pullback from $0.026 to $0.013, the extreme 47% pullback sees a bullish reversal.

Trading view

Within the final 17 days, it has risen 50% to $0.020. At present, it’s forming a second consecutive bullish candle with an intraday achieve of 4.35% after yesterday’s 7.24% bounce.

The rounded backside’s neckline coincides with the 50% Fibonacci degree at $0.021. So a bullish breakout from the pattern continuity sample may lead to an enormous upside.

Primarily based on the trend-based Fibonacci ranges, the upside goal for a Giga token is $0.0266 and $0.030 at a Fibonacci degree of 78.60% and 100%, respectively. Long term, if the broader market restoration extends the Giga meme coin’s bull run, the $0.040 upside is a possible worth goal. That is why it is an enormous benefit that makes GIGA a must-buy Solana meme coin.

Cat in a canine’s world (MEW)

With a market cap of $486 million, the Cats in a Canine World meme coin has seen an enormous improve of 32.59% over the previous seven days. The MEW token is at present buying and selling at $0.00549, up 11% within the final 24 hours.

Tradingdisplay

Within the every day chart, yesterday’s enormous bullish engulfing candle undercuts the 16% bounce on the three-day pullback. At present, the restoration rally is gaining help from the 50-day EMA and difficult the 61.80% Fibonacci degree at $0.0056385.

Furthermore, the bullish reversal in MEW tokens targets the 78.60% and 100% Fibonacci ranges of $0.0065 and $0.0077. The MEW worth motion reveals an inverse head-and-shoulders sample forming throughout the neckline and touchdown on the 61.80% Fibonacci degree.

The bullish pattern within the MACD indicator predicts the opportunity of an upward breakout. Then again, the essential help for the Fibonacci ranges is current at 50% and 38.20% at $0.004986 and $0.00433 respectively. The large upside makes MEW a must-buy Solana meme coin.

Ponke (PONKE)

With an enormous improve of 27% within the final seven days, the PONKE token is buying and selling at $0.3468. With a worth improve of 8.93% within the final 24 hours, the meme coin is near reaching the market cap of $200 million.

Trading view

Within the every day chart, the restoration rally of the PONKE token exhibits a rounded backside reversal with a neckline at $0.36. Furthermore, the bullish revival surpasses the 50% 50-day EMA, with a excessive chance of continuation of the uptrend.

Primarily based on the Fibonacci ranges, the upside worth targets for PONKE are $0.45 and $0.69. Due to this fact, the pattern of reversal odds for PONKE makes it a must-buy Solana meme coin.

Questioning if the Solana ecosystem will enhance the SOL worth above $200? Discover out in Coinpedia’s SOL Value Prediction for 2024 and Past.