Top 3 Solana (SOL) Meme Coins To Watch In 2023: MOODENG, GOAT, PONKE

The Solana price has made a remarkable bullish recovery over the past few days. With its price recording a local high of $179.01, the Solana ecosystem has experienced a significant uptrend within a short period.

The price of Solana (SOL) has experienced a remarkable surge in recent times. As of now, SOL is trading at $174.33, which marks a 6.07% increase in the past 24 hours. Moreover, the world’s seventh-largest cryptocurrency has witnessed a surge of 20.07% in the past week.

With this bullish recovery, the Solana ecosystem has experienced a significant uptrend within a short period. And as we approach the next crypto bull run, several memecoins within the Solana ecosystem are bound to benefit from this upswing.

But which memecoins, in particular, are poised to dominate the upcoming crypto bull run? In this article, we will delve into the price analysis of the top 3 trending memecoins of the Solana ecosystem.

Moo Deng (moodengsol.com) MOODENG

Among the vast array of memecoins within the Solana ecosystem, Moo Deng (MOODENG) has emerged as a standout performer. Defying all expectations, the MOODENG price has surged an impressive ~42% in the past 24 hours. This surge was accompanied by a high trading volume of $495.42 million.

Delving deeper into its price movements, the Moo Deng price has experienced a remarkable surge of 153.83% in the past week. This impressive rally has propelled the MOODENG price to new heights, offering substantial gains to its early investors.

Moreover, since its inception, the Moo Deng price has soared an astonishing 767.55%, making it one of the top picks for this list. This exceptional price performance has positioned Moo Deng among the leading memecoins within the Solana ecosystem.

Examining the technical indicators, we can observe that the Relative Strength Index (RSI) continues to hover above the overbought range in the 4H time frame. This indicates that the buying pressure is still strong for MOODENG.

Furthermore, the average trendline showcases a constant rise in the MOODENG price chart. This suggests that the price may continue gaining value in the coming time.

If the market continues to favor the bulls, this could result in this SOL-based meme coin retesting its upper resistance level of $0.3025. On the contrary, if the bears regain momentum, the Moo Deng price may plunge toward its lower support level of $0.1755.

Goatseus Maximus (GOAT)

As we continue our exploration of the Solana ecosystem, another memecoin that has garnered significant attention is Goatseus Maximus (GOAT). This project was notably created by the truth terminal.

The native token of Goatseus Maximus is aptly named “GOAT,” and its sole mission is to fulfill the prophecies of the ancient memers. This project has managed to capture the interest of a vast community within a short period.

As far as the tokenomics are concerned, Goatseus Maximus has a total supply of 1,000 million GOAT tokens. Furthermore, it had a 24-hour trading volume of $386.61 million at the time of writing.

With this trading volume, Goatseus Maximus (GOAT) secured the 88th position in the global list, showcasing its impressive ranking among cryptocurrencies worldwide.

Ponke (PONKE)

Last but not least, we have Ponke (PONKE), a memecoin that has also experienced notable price movements. While it did record a slight drop of ~2% in the past day, offering a contrasting perspective to the previous memecoins, the Ponke memecoin has jumped 16.05% during the past month.

This performance is still quite remarkable, especially when considering the broader market trends. Moreover, for those who have held onto PONKE for a longer duration, they have been rewarded with a Year-to-Date (YTD) return of 403.64%.

Examining the technical indicators, we can observe that the Moving Average Convergence Divergence (MACD) has displayed a rising negative sentiment in its price chart. However, the EMA 50/200-day shows a bullish outlook. This suggests a mixed price sentiment for it in the crypto space.

If the Ponke price manages to maintain the price above its support level, this could set the stage for the PONKE price to retest its upper resistance level of $0.5890 during the upcoming time.

Conversely, if the bearish reversal occurs, this could pull the price toward its low of $0.2195.

Also, read our Solana Price Prediction.

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