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WIF2 is exploding on Solana, jumping from a ~40K market cap to 230K in mere hours for a swift 5x gain, as tweeted by @CryptoKing_2020. This memecoin, launched via PumpFun, carries serious asteroid vibes and could draw attention from influencers like Ansem (@blknoiz06) and Solana founders @toly and @solana, positioning it as the next chain runner amid rising volume, activity, and hype. With narratives like this fueling memecoin surge on Solana, traders are watching for further momentum, especially as broader crypto market trends echo Bitcoin (BTC) hype from last quarter’s rallies.
On the technical front for SOL, price action at $85.04 tests a bearish structure where the EMA50 at $85.91 acts as immediate overhead resistance, while the EMA200 at $85.63 provides shaky long-term support just below. MACD’s death cross at 0.02 screams caution, signaling weakening momentum, and with RSI at a neutral 43.04, we’re not seeing oversold bounces yet. Price hugs the middle of the Bollinger Bands, but flirting with the upper resistance at $88.44 could trigger volatility exhaustion if buyers falter, likely pulling back to test lower support at $84.1 before any real upside in this choppy environment—classic setup for opportunistic shorts ahead of a potential SOL price prediction rebound.
