Solana-based dog-themed meme coin Bonk (BONK) has seen its price increase by 37% in the last seven days. This development came after the broader market experienced a significant recovery, and other meme coin prices also jumped.

While some meme coins have seen their gains erased, BONK appears to be showing immense strength. As a result, the price could be set to go higher in the short term.

The Solana Meme Coin Stays Strong

With Bonk trading at $0.000024, the Awesome Oscillator (AO) on the daily chart supports a bullish outlook. The AO is a momentum indicator that compares recent price movements to historical trends, using a zero-line signal to determine whether momentum is bullish or bearish.

When the AO reading is below the zero line, momentum is bearish, and when it is above, momentum is bullish. Currently, BONK’s AO shows bullish momentum, suggesting that the recent sideways movement may soon lead to a significant upswing.

Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide

Furthermore, the Bull Bear Power (BBP) aligns with this sentiment. The BBP shows the strength of buyers (bulls) and the strength of sellers (bears). 

When the BBP climbs, bulls are in control, indicating that the price can increase. Conversely, if the BBP is negative, bears are dominant, and the price might drop if it intensifies. On the daily chart, BONK’s BBP is positive, suggesting that the price can go much higher than $0.000024.

BONK Price Prediction: The Rally May Continue

The daily chart shows BONK’s price nearing $0.000026, though it could encounter resistance at this level. With the current bullish momentum and dominance, the token may break through this region.

If successful, BONK’s short-term target could rise to $0.000030. However, this depends on whether bears can avoid pulling the price back to $0.000021.

Read more: 11 Top Solana Meme Coins to Watch in October 2024

If buying pressure intensifies, BONK’s price could rally toward $0.000035. Conversely, a drop in buying activity could invalidate this forecast, potentially pushing the Solana meme coin down to $0.000021.

POPCAT Price has been hitting new all-time highs, with recent indicators suggesting that the uptrend could persist for a little longer. Buyers remain in control, but there are hints that momentum may be starting to slow down.

Traders should monitor key levels that may trigger more buying interest or spark selling pressure. Depending on how these factors play out, POPCAT could soar to new records or face a sharp pullback.

POPCAT Uptrend Could Continue In The Next Days

POPCAT +DI currently sits at 22.94, reflecting strong buying momentum, while the -DI is far lower at 10.56, indicating that selling pressure remains weak. This disparity between the two lines shows that buyers are in control, driving the price upward.

The ADX, which measures the strength of the trend, currently stands at 21.49. The Directional Movement Index (DMI) is a key indicator used to evaluate both the direction and strength of a trend.

The +DI tracks bullish pressure, while the -DI tracks bearish pressure, and the ADX confirms how strong or weak the trend is. When the ADX is above 20, as it is now, it signals that the trend is gaining traction, whether it’s an uptrend or a downtrend.

Read more: 11 Top Solana Meme Coins to Watch in October 2024

It’s important to note that the ADX has been decreasing, indicating that while the uptrend is still intact, its momentum is weaker than in previous days.

Despite this weakening trend, the ADX remains at a solid level, suggesting that POPCAT’s upward movement will likely continue in the short term before it begins to fade. While buyers still have the advantage, the trend may soon lose momentum.

POPCAT RSI Is Still Healthy

POPCAT’s RSI is currently sitting at 62.32, indicating that there is still room for growth before the asset enters the overbought territory, which suggests more potential upside in terms of price movement.

The Relative Strength Index (RSI) is a widely used momentum oscillator that measures the strength of price changes by evaluating recent gains and losses. Typically, an RSI value above 70 signals that an asset is overbought, implying that it may be overvalued and could be due for a pullback.

On the other hand, an RSI below 30 indicates an oversold condition, suggesting a possible buying opportunity. With POPCAT’s RSI rising from 43 just three days ago to its current level, it suggests that buying pressure has significantly intensified in a short amount of time.

This surge in RSI reflects increased optimism and demand, pushing prices higher as more traders accumulate the asset. However, it’s important to note that if POPCAT’s RSI continues to climb and hits the 70 threshold, it could trigger selling pressure as traders may begin to take profits, expecting a possible price correction.

Until that critical level is reached, the current uptrend could very well continue, with POPCAT reaching new all-time highs.

POPCAT Price Prediction: A New All-Time High Or A 29% Drop?

POPCAT’s EMA lines are currently bullish, with the short-term moving average positioned above the long-term, signaling that upward momentum is still in play. However, the distance between the lines is not as wide as it was in recent days. That indicates that the strength of the uptrend may be weakening.

Exponential Moving Averages (EMA) are technical indicators that emphasize recent price data. They allow traders to see trends more clearly and react faster to price changes. When the short-term EMA is above the long-term EMA, it suggests that the asset is in a bullish phase. The opposite indicates a bearish phase.

Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide

Despite the slight narrowing of the gap between these lines, if the uptrend continues, POPCAT, as one of the leading meme coins in the Solana ecosystem, could potentially test the resistance level at $1.08. If that one is broken, push toward the $1.10 threshold and above, setting new all-time highs.

However, if the trend reverses in the coming days, the price could drop significantly. Potential retracements could be seen down to $0.81 or even $0.74. That would represent a possible 29% decline from current levels.

Helium (HNT) price has been on the rise despite the broader market downturn. What could be behind this? Although HNT is currently in an uptrend, several indicators suggest the strength of this trend may not be as solid as it seems.

The ADX reveals a weakening trend, and while the RSI indicates there could be room for further growth, the low momentum raises questions about whether the uptrend can sustain itself.

HNT ADX Shows The Current Trend Isn’t Strong

HNT’s ADX has dropped significantly to 13.28, down from a strong reading of 40 on September 18, signaling a major weakening in the strength of the current trend.

The ADX (Average Directional Index) is a technical indicator that helps determine the strength of a trend, regardless of its direction. When the ADX is above 25, it generally indicates that the trend is strong and likely to continue. Values below 20 suggest a weak or non-existent trend.

Read more: Helium (HNT) Price Prediction 2024/2025/2030

With HNT’s ADX now well below the 20 threshold, this points to a lack of momentum behind the current price movement. Even though HNT is still in an uptrend, the low ADX suggests that the trend lacks the necessary strength to sustain itself.

This weakness could result in the trend reversing in the near future as it becomes more susceptible to selling pressure or a shift in market sentiment. A declining ADX in this range indicates that traders should be cautious, as the uptrend may not last much longer if momentum continues to fade.

Helium RSI Shows A Price Increase Potential

HNT’s RSI is currently at 50.21, which reflects a neutral stance in terms of market momentum. That indicates that the price is neither overbought nor oversold. The RSI (Relative Strength Index) is a technical indicator that helps traders gauge the speed and change of price movements by measuring the magnitude of recent gains against recent losses.

It oscillates between 0 and 100, with readings above 70 suggesting overbought conditions — where a price correction might be imminent. On the other hand, readings below 30 indicate oversold conditions — where a rebound may be expected.

With HNT’s RSI at just over 50, the token finds itself in a balanced zone, meaning there isn’t excessive pressure from either buyers or sellers at the moment. This positioning leaves the door open for further price growth. That happens because the RSI has not yet reached levels that would signal an overheated market.

Given that HNT has already shown an upward trend with a 3.05% gain over the last 7 days, the biggest winner among the biggest DePin coins, the current RSI suggests that there could still be room for additional price appreciation.

On the other hand, ADX shows that the current trend is not strong enough. The balance between these two should is fundamental to track the next steps for HNT price.

HNT Price Prediction: Key Resistance at $8

HNT’s EMA lines are currently positioned in a bullish formation, having formed a golden cross on September 23. This golden cross occurs when a short-term EMA crosses above a long-term EMA. That signals the potential for a sustained upward trend.

However, despite this positive formation, the distance between the EMA lines remains relatively narrow. That suggests that the trend isn’t fully established or strong yet.

The Exponential Moving Average (EMA) is a technical indicator that tracks the average price of an asset over time but gives more weight to recent price movements. That makes it more responsive to price fluctuations than a simple moving average.

Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?

While the current EMA setup points to bullish potential, HNT has been facing resistance at the $8.00 level, struggling to break through this key barrier. If it manages to clear this resistance, it could rise to $8.70, offering a potential 10% gain.

However, with the ADX indicating a weak trend, there’s a real possibility that the momentum may fade. That means the uptrend could reverse. If this happens, HNT’s price could drop as low as $6.30, a substantial 20% decline.