Traders Bullish on Dogwifhat and New Meme Coin Sealana

Traders Bullish on Dogwifhat and New Meme Coin Sealana

As the crypto market regains momentum, the meme coin sector flourishes, with analysts rallying behind Solana's largest meme coin, Dogwifhat. New opportunities continue to arise, and traders believe the new meme coin Sealana could be the next to explode.

WIF Bullish as Whales Activity Grows and Traders Eye $4.8

The Solana ecosystem has captivated in 2024, and now all eyes are on WIF as traders anticipate the next leg up.

Currently trading at $2.99, WIF has experienced a 6% daily gain, a 1.3% weekly decline, and a 4.3% monthly increase.

With a market cap of $2.9 billion and a $1.4 billion 24-hour trading volume (up 89% from the previous day), WIF's recent performance has been underwhelming compared to peers like Pepe and Bonk.

However, a CoinMarketCap community account reported that two wallets acquired over $2 million worth of WIF on Wednesday, indicating interest from smart money.

Traders predict a decisive upswing after WIF's recent volatility. Analyst Decilizer wrote on CoinMarketCap's community posts section, "WIF is gaining strength. Now, it is all set to smash through its $4.80 resistance level! Don't miss the party."

Analyst Crypto Breakout suggests a breakout to the upside within a symmetrical triangle pattern, potentially propelling Dogwifhat beyond the $6 mark (over a 2x increase from its current price).

Trader Horse also expressed bullish sentiment, stating that the current chart structure indicates another leg up.

It looks like $WIF isn't ready to take off the hat. I simply can not see how this structure is not consolidation before higher again. pic.twitter.com/KhUcQ6GMOP— HORSE (@TheFlowHorse) May 22, 2024

Sealana: The Next SOL Presale to Explode?

Amidst the market-wide bullishness, Sealana, a new Solana presale, has emerged as a project with relative strength. It has raised over $2.4 million so far and has received support from a prominent trader who predicts a 10x increase.

Following the success of Book of Meme, Slerf, and Slothana, Sealana has gained popularity with its witty backstory and South Park references.

The project features a meme coin-trading seal living in his mom's basement, aspiring to make huge profits and purchase a Lambo. This relatable narrative has resonated with traders, contributing to Sealana's explosive presale success.

Analyst Jacob Bury anticipates a 10x increase for Sealana post-launch.

Sealana's community is rapidly growing, with over 5K followers on Twitter and posts garnering over 30K views.

The presale is ongoing, but the team has not announced a hard cap, so potential buyers should act promptly.