The layer-1 cryptocurrency Solana has traded sideways for the past 7 months, struggling to sustain above $200 level. However, as no trend remains the same in tradable assets, the Q4 bullish sentiment could be a suitable opportunity for SOL price to surpass the overhead barrier. Amid the renewed bullish momentum, here are three ‘crypto to watch’ investors should keep on their radar.
3 Crypto to Watch Closely as Solana Aims for $200
SOL price recovery towards $200 signals strong network fundamentals and increasing investor confidence. As this bullish momentum often flows into other ecosystem tokens, Dogwifhat (WIF), Bonk (BONK), and Moo Deng (MOODENG) emerge as top crypto to watch. These Solana meme coins could allow buyers an opportunity to onboard the Q4 rally.
Dogwifhat (WIF)
Dogwifhat (WIF) leads our list of top crypto to watch due to the formation of a well-known bullish continuation pattern called flag. Under the influence of this pattern, the coin price resonates within two downsloping trendlines to replenish its exhausted bullish momentum.
By press time, the Dogwifhat price had traded at $2.4 while holding a market cap of $2.5 billion. A potential breakout from the pattern’s overhead trendline will signal the continuation of the prevailing uptrend and surpass the $3 barrier.
According to Coinglass data, the WIF futures open interest has rallied from $195.4 to $440— a 125% increase— in the last six weeks. The heightened open interest often indicates an influx of capital and potential volatility as more participants engage in both long and short positions.
Bonk (BONK)
The dog-themed meme coin BONK has traded sideways for over a month, struggling to surpass the $0.000025 level. Despite this consolidation facing constant resistance from a downsloping trendline, the price’s resilience against further declines signals stronger buyer conviction, potentially setting the stage for an upward breakout.
Moreover, the BONK OI-Weighted funding rate has spiked to 0.01%, suggesting crypto buyers are willing to pay premiums to sellers for holding their long-position. The behavior accentuates that most market participants anticipate a potential bullish move for BONK.
Moo Deng (MOODENG)
Moo Deng (MOODENG) is shining bright among the top crypto to watch due to the increasing inventor’s attention and a high momentum of 200% surge on October 25th. This bullish momentum can be attributed to the launch of the MOODENGUSDT USD-Margined perpetual contract on the Binance crypto exchange.
In addition, the 4-hour chart shows a major breakout from flag pattern resistance, signaling a renewed bullish momentum. While the sudden pump in MOODENG price is likely to drive a temporary pullback, the chart pattern should push the asset past $0.35 in the near future.
Conclusion:
Solana’s march toward $200 isn’t just a boost for SOL holders—it’s energizing the entire ecosystem, including the memecoins who bring a lighthearted spirit to the network. Bonk, Dogwifhat, and Moodeng are top crypto to watch, providing opportunities for those looking to capitalize on SOL’s success.
The post 3 Crypto To Watch as Solana Eyes $200 appeared first on CoinGape.
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