This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Meme coins have shown mixed results in the past week, with some experiencing recovery while others continued to decline. Solana meme coins attracted attention, but most assets in this category suffered a steep correction in the last 24 hours. Bitcoin maintained its position above a key support level at $67,000, while Ethereum turned inflationary in Q2 2024, leading to an increase in Ether supply.
Solana’s Upward Trend
Solana is experiencing an upward trend, with the potential to extend gains by over 13% and reach a target of $210.18, but could encounter resistance at the Fair Value Gap (FVG) between $192.24 and $193.69.
Dogecoin is currently trading at $0.1296 and could potentially extend gains by 23% to reach a target of $0.1601, but may face resistance at specific Fair Value Gaps in the daily chart.
Popcat’s Short-Term Correction
Popcat, a Solana-based meme coin, is anticipated to undergo a short-term correction, with the potential for a 14% decline, finding support at $0.6916.
The cryptocurrency market continues to exhibit dynamic and unpredictable movements, with meme coins experiencing mixed results and notable developments in major cryptocurrencies such as Bitcoin and Ethereum.
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