MEMETOON narxMEME

⚡️ INSIGHT: Solana’s shift from memecoins to a serious blockchain depends on the approval of a Solana ETF, bringing institutional trust and enabling financial applications like payments and trading. With a growing user base, $12 billion in stablecoin supply, and a strong payment protocol, Solana is ready to move beyond its “meme chain” image.

Dogecoin (DOGE) traded relatively flat on Thursday, mirroring lackluster movements that have persisted since the beginning of the month. Notably, attempts to recover last week, after prices rebounded from a flash crash to $0.20 earlier this month, have been watered down, with the top meme coin wiping out all of last week’s gains. This silent price action comes amid a broader market trend. Further analysis reveals that key on-chain metrics, such as daily active addresses and transaction volumes, have remained relatively flat. On-chain data also indicates a notable decline in whale activity. On Thursday, analyst Ali Martinez observed that large DOGE holders have adopted a “wait-and-watch” approach, with no significant buying or selling activity in recent days. “Dogecoin DOGE whales have stayed on the sidelines during the recent volatility, showing little to no significant buying or selling activity,” Martinez tweeted, suggesting a cautious sentiment among major investors, which is contributing to the current price stability. Nevertheless, amid this price lull, analysts continue to assess this period as “the calm before the storm,” actively predicting triple-digit percentage gains. Popular crypto analyst Trader Tardigrade tweeted his outlook on Thursday, saying that Dogecoin has entered the “Boring Phase.” According to the pundit, traders should “Expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.” Notably, the chart accompanying his tweet compared Dogecoin’s recent flat trend in February 2025 to a similar pattern before a major rally in late 2017, suggesting DOGE may experience weeks of tight price consolidation before a significant upward rally if history repeats. Earlier on Wednesday, the pundit also posted another analysis referencing Dogecoin’s weekly Stochastic RSI, a technical indicator that measures momentum. His analysis showed a crossover in the oversold zone, typically signaling a potential price rebound, supporting a bullish target of $1.50 per coin based on a target price inside an ascending channel. Elsewhere, analyst Dima Potts predicted that Dogecoin could surpass $10, citing a historical pattern of peaks occurring every four years. He highlighted that the first cycle saw a 21,821% surge over 1,442 days, while the second followed the same timeline with an even greater 54,890% increase. Potts believes Dogecoin’s next peak could arrive around mid-April 2025 if this trend continues. However, he also warned that DOGE would likely experience a decline before its next major rally. “With recent price action, DOGE has maintained its historical pattern. I expect Dogecoin to gradually move toward the purple line or the $0.28 range, similar to previous cycles. Beyond this level, we should see increased volatility, with prices consolidating before pushing toward new yearly highs and eventually all-time highs.” He wrote. At press time, DOGE traded at $0.24, reflecting a 2.13% drop in the past 24 hours.

I counted 7 memes in the top 100. Meme coins over 1 billion marketcap, only 5. Until the probabilities change you have almost a 15x higher chance riding a utility microcap to the top 100 or billion then you do a meme. Simple math that the one hit meme wonders wont ever tell you.

As February kicks off key sectors to watch include AI $DEFI DeFi and Layer 2 solutions. Coins like $ETH ETH$SOL SOL and AI-driven tokens could gain momentum. $MEME Meme coins and gaming projects may also see renewed hype. Which sectors or coins are you betting on this month?

Solana ($SOL ) price extends its decline and trades around $160 on Monday after falling over 11% last week. The recent correction in SOL has triggered a wave of over $26 million in liquidations in the last 24 hours and $110 million last week. The technical outlook and funding rate suggest a further pullback targeting the $120 mark. Solana price dips, wiping over $26 million in the last 24 hours Solana's price declined almost 11% last week and continued falling on Monday, reaching below $160 in the early European session. This correction has triggered a wave of liquidations, resulting in over $26.25 million in liquidations in the last 24 hours and $110 million last week, according to data from CoinGlass. Strong liquidations like this could spark Fear, Uncertainty, and Doubt (FUD) among Solana investors, raising selling pressure and leading to a further decline in SOL price. Additionally, according to Coinglass's OI-Weighted Funding Rate data, the number of traders betting that the price of Solana will slide further is higher than that anticipating a price increase. This index is based on the yields of futures contracts, which are weighted by their Open Interest (OI) rates. Generally, a positive rate (longs pay shorts) indicates bullish sentiment, while negative numbers (shorts pay longs) indicate bearishness. In the case of $SOL , this metric stands at -0.0023%, reflecting a negative rate and indicating that shorts are paying longs. This scenario often signifies bearish sentiment in the market, suggesting potential downward pressure on SOL's price. Solana Price Forecast: Bears look strong Solana price has been declining for five consecutive weeks since it reached an all-time high of $295.83 on January 19. Only last week, it crashed by almost 11%. At the start of this week on Monday, SOL continues to trade down, falling below the $160 mark for the first time since early November. If $SOL continues to correct, it could extend to restest its next daily support at $120.91. The Relative Strength Index (RSI) on the daily chart reads 31, indicating strong bearish momentum still out of oversold levels. Moreover, the Moving Average Convergence Divergence (MACD) indicator shows red histograms below its neutral level of zero, indicating a strong bearish trend. Other bearish signs Apart from the bearish signs in the technical outlook and on-chain metrics for SOL, the recent news about the LIBRA memecoin and FTX repayments further adds bearish credence. Last week, the Solana-based meme coin LIBRA made headlines for its alleged ties to the MELANIA token and the involvement of Argentina’s President Javier Milei. This wiped out millions in the chain's market capitalization. Moreover, during the same period, the defunded crypto exchange FTX started redistributing tokens owed to creditors after its collapse in 2022. The redistribution has also sparked speculation around Solana. This follows FTX's plan to unlock 11.2 million SOL — worth $2.06 billion — on March 1, marking one of the largest token releases from its bankruptcy holdings. The token unlock could negatively impact SOL's price, potentially fueled by fears of a drawdown by the redistribution plans. While repayments are moving forward, the decision to use older price valuations remains a major point of contention among creditors.