The cryptocurrency market is gearing up for a potential bull run amid investors’ bullish anticipation for the U.S. presidential election, and Bitcoin is inching closer to All-time-high. Amid the renewed uptrend, prominent crypto analysts have set an ambitious $1,000 target for SOL. If the target is achieved, Solana coins that could potentially be 10X in value.
3 Solana Coin Poised for 10X Gains if SOL Reaches $1,000
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 major altcoins, including SOL. As the crypto investors aim for a $1000 target for this asset, these are three Solana coins that could drive a 10X rally.
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 momentum, selling 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. Historical trends indicate that this dynamic support level has previously sparked significant rallies for the memecoin, suggesting a potential rebound ahead.
In addition, the WIF OI-Weighted Funding Rate surged to 0.00618, according to CoinGlass data. The positive value indicates the market buyers are paying a premium to short-term holders to hold their position, indicating a bullish market sentiment.
Bonk (BONK)
Over the past eight months, the BONK price has traded sideways, resonating within a symmetrical triangle pattern. Theoretically, the pattern shows an active consolidation between two converging trendlines, which recuperates 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.
Under the influence of this pattern, the TRUMP price is poised for a 50% surge before offering a major breakout.
Conclusion
With SOL aiming for a potential climb to $1,000, projects that leverage its technology and ecosystem could experience substantial growth. WIF, BONK, and TRUMP are three standout Solancoinsin that could see their valuations skyrocket, possibly achieving 10X returns.
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