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Andy Watson
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Popular Solana meme coins are showing signs of a potential bottom and bullish reversal.
In particular, there is a surge of bullish sentiment from prominent analysts surrounding Dogwifhat ($WIF), Fartcoin ($FARTCOIN) and Just A Chill Guy ($CHILLGUY), with many calling them the best meme coins to buy now.
The three tokens showcased explosive strength on Friday before the Bybit hack acted as a spoilsport.
However, the hack may have offered an excellent entry point for sidelined investors, considering the major support levels remain intact.
Time to Buy WIF, CHILLGUY and Fartcoin?
Solana meme coins are showing signs of bullish reversal.
For instance, prominent analysts claim that the bottom is in for Dogwifhat (WIF). Quantum Ascend reveals WIF is following the Wyckoff Accumulation Schematic and has already completed the secondary test in Phase B (STB) and formed two last points of support (LPS).
If the schematic holds, the next step would be a rally to the sign of strength (SOS), currently at $0.90. A brief consolidation near this region would then pave the way for a push towards new highs.
Despite the broader market crash caused by the Bybit hack, the WIF price is up by nearly 6% on Friday.
Sidelined investors could wait for a successful retest of the $0.60 level to buy Dogwifhat or open long positions on the meme coin. Alternatively, a successful flip of the $0.69 resistance level would present another excellent buying opportunity.
Similarly, prominent analyst CryptoGVR claims that Just A Chill Guy (CHILLGUY) has started its bullish reversal. The popular Solana token is on his list of best meme coins to buy. GVR is eyeing anywhere between 5x to 10x returns on his CHILLGUY investment.
#chillguy started reversal ✅
Expecting :- 0.1-0.2$ in short term pic.twitter.com/ApAMhGzFhF
— Crypto GVR (@GVRCALLS) February 21, 2025
Fartcoin is another Solana meme coin that is showing signs of a potential bottom. Popular crypto trader CRG highlights it has broken out of a multi-week descending trendline, typically considered to be extremely bullish for meme coins.
fartcoin looking good here pic.twitter.com/GLsRRiObUa
— CRG (@MacroCRG) February 21, 2025
Sidelined investors should still wait for a successful retest of the $0.30 support level or the $0.40-$0.45 resistance zone before buying Fartcoin.
Smart Money Investors Eye 100x Gains with New Meme Coins
Dogwifhat, CHILLGUY and Fartcoin have the potential to deliver anywhere between 5x to 10x returns if they hit their respective all-time highs.
Meanwhile, experts’ lists of best meme coins to buy also include new small-cap coins that could offer up to 100x returns.
For instance, BTC Bull (BTCBULL) has already raised over $2.5 million in early investments in its presale.
The project combines the longevity of Bitcoin with the meme coin frenzy. As the BTC price hits certain set milestones, BTCBULL holders will earn free Bitcoin as airdrops. They will also receive BTCBULL airdrops and benefit from token burns events as well.
The promise of free Bitcoin has created quite a frenzy, as evident from its presale performance. Many analysts are already calling it the next 100x meme coin.
Similarly, low-cap investors are stacking Solaxy, the first prominent Solana Layer-2 chain, which has already raised over $22 million in its ICO.
The project is set to tackle the network congestion issues on Solana which it experiences during periods of heavy traffic, for instance, during the meme coin season.
Despite its $22 million in early fundraising, experts believe Solaxy is undervalued in its presale. Unsurprisingly, many have included it in their lists of best cryptos to buy.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
