Solana meme cash present indicators of restoration after a sluggish begin of the week.

The catalyst for this upward motion seems to be the surge in SOL price, which climbed from round $123 to $138, or round a ten% improve. 

As typically noticed, Solana’s restoration lifted the boats of its ecosystem’s meme cash, with BONK outperforming others.

On the similar time, a brand new participant within the Solana meme coin enviornment, Sealana is on the point of wrap up its presale part. 

The challenge has introduced an airdrop of tokens scheduled for July 2nd at 1 PM UTC. Nevertheless, there are nonetheless alternatives for last-minute SEAL token purchases.

BONK Worth Evaluation

The BONK price is at present buying and selling at roughly $0.000022. 

Regardless of the final downturn within the crypto market, BONK has managed to safe a 5% acquire this week. Which means that BONK outperformed many different prime meme cash which might be buying and selling “in red” throughout the identical interval.

It’s value noting that one other Solana meme coin, MOG, pumped round 50% throughout the identical interval.

Regardless of this restoration transfer, BONK continues to be down over 50% from its all-time excessive (set earlier this 12 months). The present market cap is now round $1.5 billion.

We took a take a look at the BONK/USDT chart; and this one reveals that since late Might, the price has been buying and selling within the descending channel. That is indicated by blue strains on the Bonk price chart under:

Basically, a descending channel is a bearish sample the place price motion is contained between two downward-sloping parallel strains. We are able to see that the BONK chart is making an attempt to interrupt out of this channel, but it surely isn’t fairly there but.

Technical indicators are usually not portray a very optimistic image for BONK for the time being.

RSI sits at 36 which is bearish, because it’s effectively under the impartial 50 degree, and much more under bullish ranges (50-70).

Moreover, the MACD line is under the MACD sign line; one other bearish sign.

Regardless of the weekly beneficial properties, the BONK price noticed a 6% drop right this moment. So this aligns with these bearish technical indicators. 

Trying ahead, it’s difficult to anticipate a powerful BONK rally till the broader market sentiment turns decisively bullish. 

Whereas Bitcoin has proven some resilience by holding across the $60,000 mark and bouncing to $61,000, stronger upward momentum is required to gas a much bigger meme coin pump.

Sealana: New Solana Meme Coin Pronounces End of Their Presale and Tokens Airdrop

As BONK navigates uneven waters, a brand new Solana meme coin known as Sealana has been making headlines with its profitable presale, elevating over $6 million. 

The workforce behind the challenge introduced on Twitter that their presale has concluded, with the airdrop scheduled for Tuesday, July 2nd at 1pm UTC. 

The airdrop will distribute tokens to the respective wallets used for buying through the presale. Nevertheless, whoever is , can nonetheless purchase SEAL at a reduced presale price, till July 1st, at 1pm UTC.

You may purchase SEAL not solely on the Solana community, but additionally on Ethereum and BNB chains, in addition to with a bank card.

Sealana is about to launch on Solana DEXes akin to Raydium and Jupiter on the identical day because the airdrop. 

Although Sealana doesn’t provide any technical utility, it has efficiently tapped into the viral Solana meme coin pattern early on. 

Sealana incorporates a distinctive mascot – a chubby seal character impressed by the Gamer Man from South Park, reimagined as an unhealthy seal obsessive about crypto buying and selling.

Well-liked YouTuber Matthew Perry advised his 223k subscribers that Sealana “might be a gem” in one in every of his newest movies.

The challenge may be very lively on social media platforms (which is principally essential for any meme coin). This resulted in its Twitter following surpassing 13,000 and its Telegram account exceeding 20,500 members. 

Go to Sealana presale

Conclusion 

To sum it up – we have now BONK attempting to claw its method again up, but it surely’s not precisely easy crusing. The charts aren’t trying too scorching, and it looks like BONK’s gonna want the entire crypto market to perk up earlier than it could actually actually take off once more.

In the meantime, Sealana pulled in an honest chunk of change with their presale, and now they’re gearing up for this huge token airdrop. 

It’s obtained individuals speaking, that’s for certain. This one might doubtlessly be “the big thing” within the Solana meme coin ecosystem.