Solana’s top meme coins, Popcat and dogwifhat, are outperforming major cryptocurrencies despite the ongoing bearish market. Analysts believe this price jump can be attributed to the bullish price action patterns and positive on-chain metrics observed in POPCAT and WIF. The price surge suggests strong potential for POPCAT reaching $1.46 in the coming days and WIF reaching $2.95. The open interest of POPCAT and WIF rising also indicates a growing interest among traders with a preference for long positions, which could further drive prices up.
Source: SOL-based