Solana (SOL) Coin Plunges 3% While Related Memecoins Triumph – Are Investors Diverting Their Interests?

The crypto market remains volatile, with top coins shedding significant gains over the past day. Solana isn't spared from this onslaught, as it has recently shed some of its past gains.

Solana (SOL) is down 3.80% over the past day and trades at $128.54. SOL has lost approximately 17% in the past 30 days, with a 7.8% drop in the last week, confirming the prevailing bearish momentum.

Despite the gloomy outlook, memecoins on the Solana Chain are doing well, leaving crypto enthusiasts wondering if meme assets operate in a different world. But two Solana Memecoins, Trump's Nukes (TRUMPNUK) and Saviour Musk, are gearing up for massive explosions.

Does this mean that investor interest has shifted to memecoins? Will the booming memecoin activity eventually benefit SOL? Let's explore the possibilities below.

Solana Memecoins Trump's Nukes and Saviour Musk Abuzz; Will They Drive Demand for SOL?

Two new memecoins on the Solana network, Trump's Nukes (TRUMPNUK) and Saviour Musk (MUSKSAV), aregearing up to provide massive returns for early investors.

Both coins are poised for substantial growth, with potential price surges of 16,000% and 19,000%, respectively, in the coming days.

Trump's Nukes (TRUMPNUK), launched with over $20,000 of liquidity, is positioned to outperform other memecoins as it approaches multiple centralized exchange listings.

Currently, the coin is only available on decentralized platforms like Jup.ag and Raydium.io, where early buyers can profit significantly before its wider release.

Reports suggest that Trump's Nukes could mirror the successes of viral memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE), potentially creating a new wave of memecoin millionaires."

Similarly, Saviour Musk (MUSKSAV) has caught the crypto community's attention, especially with an anticipated 19,000% price surge. This memecoin, with over $8,000 in liquidity, could deliver huge gains for investors as it prepares for its exchange listings.

Like Trump's Nukes, Saviour Musk is currently available on decentralized exchanges, but its broader listing is expected to drive more investors.

As larger markets show stagnation, investors turn to newer coins like Trump's Nukes and Saviour Musk for high potential gains.

With memecoins typically offering little utility, their attraction lies in their rapid price growth-something TRUMPNUK and MUSKSAV are poised to deliver.

How This Affects Solana (SOL)?

The recent success of these memecoins has underscored Solana's growing role as a hub for new crypto projects.While Solana (SOL) has recently seen a price dip, its memecoin popularity could shift developer attention toward the network.

Increased activity from new projects could lead to more partnerships and collaborations, which may provide upward momentum for SOL soon.

As the Solana network continues to house these promising new assets, chances are high that the rising popularity of its memecoins could positively impact SOL's price in the coming months.

Key Indicators Signal the End of SOL's Downtrend: Is It Ready for the Ride Up?

The new green candle stick formation on the chart above shows the potential for an uptrend throughout this week. It depicts the increased buying pressure in SOL's market today.

Additionally, the Moving Average Convergence Divergence (MACD) is inclining below the signal line and has red faded histogram bars. This shows the potential change in momentum from bearish to bullish. As such, SOL is likely to record potential rallies before the end of today.

Already, the Bollinger bands are widening. A bounce on the lower Bollinger band, serving as support at $122, could signal the start of the bullish move. As such, strategic trade setups are ideal for trading in SOL's market.

While these signals may be bullish, traders and investors must closely monitor the coin's short-term price movement, as crypto assets can deviate from expected behaviour.

SOL Sits a Few Pips Above Critical Support - A Bounce Before The Pump Could Occur

Solana (SOL) is rallying around its nearest support at $122.09. This level is expected to attract buyers and push its price higher before today ends.

Also, the Relative Strength Index (RSI) indicator is inclining, moving away from the oversold zone (below 30). Given the rally potential, SOL will likely reach $135, driving the RSI to the overbought zone (above 70).

Meanwhile, considering the gap between the $130 threshold and the resistance level at $161, SOL has longer days of recording new prices before any resistance halt.

While Solana promises high growth potential, the new fast-paced meme coin Base Dawgz (DAWGZ) is turning heads and posing as a short-term explosive alternative for investors.

Base Dawgz (DAWGZ) Presale Ends After a $3.3 Million Hit

Base Dawgz just concluded its token presale campaign, raising over $3.3 million. However, sales are still ongoing on Uniswap, Raydium, Dextools, and Dexscreener.

Those who joined early have a high chance of getting huge rewards as soon as $ DAWGZ's price increases. One key factor that could drive the price increase for DAWGZ is its staking features, which allow users to get up to 737% APY.

Another driver can be an upcoming CEX listing. According to the Base Dawgz roadmap, phase 4 of the project development would offer community rewards and centralized exchange listings.

A potential listing is already being anticipated. The DEX listing is expected a week after the presale. Some top pundits believe that DAWGZ can be the next big thing after SHIB, DOGE, and other successful memecoins.

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