Solana-Based Memecoins Ready to Surge, Analysts Predict a Sharp Rise!

Updated

April 29, 2025

Gambar Solana-Based Memecoins Ready to Surge, Analysts Predict a Sharp Rise!

Jakarta, Pintu News – A widely followed crypto analyst recently expressed optimism towards the performance of one of the memecoins running on top of Solana .

Although it has already recorded more than 60% gains this month, the memecoin, Bonk , is predicted to experience an even higher price surge. The analyst, who goes by the pseudonym Altcoin Sherpa, has shared his analysis with his 245,000 followers on social media platform X.

Analysis on Bonk (BONK)

$BONK is going much higher (I have a bag). Looks good on the charts as well.

Think I'm going to add to my position if I get a small dip https://t.co/Ed1GEy2902 pic.twitter.com/3b8hF5pJYq
— Altcoin Sherpa (@AltcoinSherpa) April 25, 2025

Altcoin Sherpa pointed out that Bonk (BONK) just broke out of the accumulation zone on the three-day chart, signaling a potential price increase. Based on the shared chart, BONK has the potential to rise all the way to $0.0000262 after successfully crossing the resistance at $0.0000142. Currently, Bonk is trading at $0.0000182. The analyst also expressed his desire to add to his position on BONK in the event of a small price drop.

Also Read: Will Cardano (ADA) Surge? Check out the Latest Analysis!

Actual Testing for Pudgy Penguins (PENGU)

Coins like $PENGU got rekt the last several months but are showing some signs of life. The true test is going to be where the next low is and how the reaction is- the trend is still bearish, so don't be so quick to catch knives. That said, we could see some reversal if… pic.twitter.com/oEACgt3VbC
— Altcoin Sherpa (@AltcoinSherpa) April 25, 2025

In addition to Bonk, Altcoin Sherpa also observed the performance of the native asset of the non-fungible token (NFT) project Pudgy Penguins . According to him, PENGU needs to form a bullish higher low setup around $0.0065 to initiate a reversal from the downward trend that has lasted several months. Otherwise, there is a possibility that PENGU will drop down to $0.004. Currently, PENGU is trading at $0.00985, and the analyst suggests that PENGU could surge up to $0.014 if it manages to form the expected higher low.

General Altcoin Market Outlook

to be clear, I'm pretty bullish overall and think that we're going higher and the next major dip is a BUY THE DIP situation.

HOWEVER, most alts still are in bearish market structures (see $TAO) and continuation of that trend is down. I think we go higher for everything but just… pic.twitter.com/uOIBMIHfPD
— Altcoin Sherpa (@AltcoinSherpa) April 25, 2025

Although some altcoins showed price gains this month, Altcoin Sherpa reminds that most are still in a bearish market structure in the long term. However, the analyst remains optimistic and thinks that the altcoin market may start forming the basis of a major cycle that will lead to a bullish reversal. Nonetheless, he emphasized the importance of being cautious as the still bearish market structure could lead to a continued downward trend.

Conclusion

With Altcoin Sherpa’s analysis in mind, investors and crypto market watchers need to pay attention to the price dynamics at play. While there is upside potential, risks remain given that many altcoins are still in bearish trends. The decision to buy at the next low should be carefully considered, given the volatility that is still possible.

Also Read: Trump’s Dinner Party Triggers Big Waves in Crypto Market!

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.