3 Solana Coin Poised for 10X Gains if SOL Reaches $1000

The Bitcoin price recovery aiming for a new high has added momentum to the broader market's uptrend. The bullish momentum initiated a renewed uptrend for most

Investors are optimistic about a potential bull run in the cryptocurrency market ahead of the U.S. presidential election, and Bitcoin is nearing its all-time high. Amid this uptrend, several crypto analysts have set an ambitious target of $1,000 for SOL. If reached, some Solana coins could increase 10X in value.

Here are three Solana coins that could drive a 10X rally if SOL hits $1,000.

Dogwifhat (WIF)

The dog-themed memecoin dogwifhat (WIF) tops the list of top Solana-based coins due to its potential for a major reversal. Since last week, the WIF price has witnessed a high selling momentum, dropping from $2.7 to $2.01, registering a 25% loss.

If the selling momentum persists, the Dogwifhat price could plunge 5% to seek support at a long-coming support trendline. However, historical trends indicate that this dynamic support level has previously sparked significant rallies for the memecoin, suggesting a potential rebound ahead.

Moreover, the WIF OI-Weighted Funding Rate surged to 0.00618, according to CoinGlass data. The positive value indicates that market buyers are paying a premium to short-term holders to maintain their position, indicating a bullish market sentiment.

Bonk (BONK)

Over the past eight months, the BONK price has moved sideways, resonating within a symmetrical triangle pattern. Theoretically, the pattern shows an active consolidation between two converging trendlines, which builds up the momentum of the prevailing trend.

With the crypto market today, the BONK price had traded at $0.000019, with an intraday loss of 0.33%. According to Coingecko data, the asset market cap is $1.244 Billion and a 24-hour trading volume of $145.2 Million.

A potential breakout from the triangle’s upper boundary will signal a major trend reversal.

Trump (MAGA)

“MAGA” stands for “Make America Great Again,” a slogan former U.S. President Donald Trump popularized during his 2016 presidential campaign. Among the other Solana coins, TRUMP shows the potential for the most drastic change amid the U.S. presidential election this week.

Currently, the MAGA coin price trades at $3.73 with a market cap of $166.2 Million. With an intraday gain of 10.3%, the current recovery is contributing to forming a bullish cup and handle pattern.

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