Solana meme cash WIF and BONK proceed to battle, reflecting the broader downturn within the sector. WIF has dropped to just about $1, its lowest degree in eight months, whereas BONK dangers testing key assist ranges as its EMA traces sign a continued downtrend.
Each tokens have suffered steep losses, with BONK down 40% and WIF dropping 52% over the previous 30 days. Whereas a broader meme coin resurgence may spark a restoration, each belongings stay underneath strain, with additional declines nonetheless on the desk.
BONK and WIF Prolong Losses as Solana Meme Cash Collapse
The meme coin sector has confronted a pointy downturn, shedding 10.8% previously 24 hours and now sitting at a complete market cap of $90 billion.
Solana meme cash have been hit significantly laborious, with all 9 of the chain’s prime 9 largest tokens recording losses over the previous day and the final seven days.
Among the many hardest-hit tokens, BONK and WIF have struggled considerably, with BONK down 40% and WIF dropping 52% over the previous 30 days.
Regardless of their current losses, each cash stay among the many largest meme cash on Solana. BONK holds the second place with a market cap of roughly $1.6 billion, adopted intently by WIF at $1 billion.
Nonetheless, since its launch, TRUMP has surpassed each to grow to be the main Solana meme coin.
dogwifhat Value Prediction: Will WIF Proceed Going Down?
WIF is at the moment buying and selling close to $1, its lowest degree in months, after failing to interrupt the $1.37 resistance. Its EMA traces level to an ongoing downtrend, suggesting bearish momentum stays sturdy.
If the development continues, WIF may check the $0.97 assist, and a breakdown may push it under $0.90.
A broader meme coin restoration, particularly throughout the Solana ecosystem, may assist WIF value regain momentum. If shopping for strain builds, WIF may first check $1.22, with a breakout resulting in $1.37.
If that resistance is cleared, WIF may rally to $1.64 and even $1.99, a possible 91% achieve.
Bonk Value Prediction: Will BONK Attain Its Lowest Ranges Since November 2024?
BONK EMA traces mirror WIF’s downtrend, with short-term traces buying and selling under long-term ones.
If this development persists, BONK may check $0.0000199 quickly, and a breakdown may ship it as little as $0.000017, its lowest degree since early November 2024.
A reversal may see BONK value difficult the $0.0000225 resistance, with a breakout resulting in $0.000028.
If bullish momentum strengthens, BONK may climb to $0.0000398, signaling a robust restoration.
Disclaimer
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