Solana Popular Meme Coin Price Prediction: BONK, PENGU, SPX6900 Are Expected to Continue Rebound

This week, the sentiment in the crypto assets market has warmed up, and the popular meme coins in the Solana (SOL) ecosystem are experiencing a new round of recovery. As bearish momentum weakens, tokens such as Bonk (BONK), Pudgy Penguins (Pengu), and SPX6900 (SPX) are all rising, with technical signals indicating a potential continuation of the pump trend in the short-term. This article will provide an in-depth analysis of the latest market trends and future forecasts for these three major Solana popular meme coins.

BONK Morning Star pattern forming, target 0.00004105 USD

(Source: Trading View)

BONK surged nearly 5% on Sunday and rose again by 4% on Monday, forming a typical morning star reversal pattern. The price is currently stable above the 50% retracement level of $0.00002350. If it can close above $0.00002958, it is expected to further challenge the 78.6% Fibonacci retracement level of $0.00004105.

In terms of technical indicators, the daily RSI is at 47, maintaining a neutral to bullish stance. The MACD red bars are gradually shrinking and approaching the signal line, indicating that bearish momentum is fading. If BONK falls below 0.00002350 USD, it may retest the 200-day EMA support at 0.00002129 USD.

PENGU bearish momentum weakens, short-term targeting 0.04660 USD

(Source: Trading View)

PENGU surged 6% on Sunday and continued to rise slightly on Monday, currently approaching the 78.6% Fibonacci level at 0.03713 USD. If it can effectively close above this price level, it will signal a clear buying opportunity, with a short-term target pointing towards last week's high of 0.04660 USD.

The daily RSI has risen to 58, indicating strengthened bullish momentum, and the shortening of the MACD red bars also reflects a slowdown in selling pressure. However, if the market reverses, attention should be paid to the defense of the support level at the low of July 15 at 0.02893 USD.

SPX6900 ascending wedge breakout imminent, bullish target 2.28 USD

(Source: Trading View)

SPX6900 surged 7.5% on Sunday and continued to rise nearly 2% on Monday. The coin has rebounded from the support trend line connecting the lows of May 17 and June 21, forming an ascending wedge pattern with the resistance line from the highs of February 14 and June 11. As long as the price stays above the trend line, bulls are expected to push SPX to challenge last week's high of $2.28.

From a technical perspective, the MACD red bars are decreasing, and the RSI has rebounded to 47, indicating a generally neutral stance but showing signs of a rebound. If the SPX breaks below the $1.48 support, the 100-day EMA at $1.31 will become the next line of defense.

Solana Eco Meme Coin Market Outlook

With the resurgence of risk appetite in the crypto market, the Solana ecosystem meme coins are expected to welcome greater volatility and opportunities. BONK, PENGU, and SPX6900 have all shown short-term rebound potential, but investors still need to be wary of the pullback risk brought about by the breach of key support. It is advisable to closely monitor changes in trading volume and technical indicators, and to flexibly adjust operational strategies.

Conclusion

Solana's popular meme coin is collectively warming up under the bullish atmosphere, with positive technical signals indicating a potential continuation of the rebound trend. Whether pursuing short-term opportunities or long-term layouts, investors should strictly control risks, grasp market rhythms, and pay attention to important price changes to cope with the high volatility characteristics of the crypto market.