As Trump's tariffs cause 24.5% losses, will Solana memecoins rebound in March 2025?
Solana memecoin value fell 24.5% to $8.1 billion on Tuesday, twice the general crypto market loss of 12%.
Popcat and Dogewifhat lost 25% and 21%, totaling $140 million in 24-hour value losses.
According to Tradingview, Trump's token worth fell 80% to $2.5 billion from $12.8 billion.
In early Asian trade on Tuesday, Solana memecoin industry value fell $2 billion in 24 hours to $8.1 billion.
Popcat, Dogwihat, and Trump are top losers, yet technical indications show crucial levels.
Double-speed sell-offs lower Solana memecoin value below $10 billion.
In recent weeks, the Solana (SOL) ecosystem has dominated crypto media for various reasons.
Trump's inclusion of SOL in crypto strategic reserves on Sunday and CME Group's listing of SOL futures ETF on the world's biggest institutional trading platform enhanced market mood last week.
Solana gained because FXT estates' 11.2 billion SOL payments to creditors flooded the market on March 1.
The original SOL token price drop of 20% in 24 hours was overwhelming negative, but it rippled across the Solana ecosystem, notably memecoins.
After Trump confirmed tarrifs on Canada and Mexico on Tuesday, the Solana memecoin industry value fell 24.5% to $8.1 billion in 24 hours, twice the 12% crypto market drop.
The cascading market sell-offs hit Popcat, Dogwifhat, and TRUMP, all of the top 10 Solana meme tokens, which lost over 10%.
Technical analysis indicators show POPCAT, WIF, and TRUMP traders crucial levels to monitor as the Solana memecoin ecosystem starts March 2025 poorly.
Short traders expect $0.18 reverse if bulls fail to retake $0.25
After breaching its Keltner Channel midline at $0.25, POPCAT trades at $0.22, indicating negative market momentum.
The token is susceptible to more fall after POPCAT rejected this level, with the lower Keltner band at $0.18 providing immediate support. If sellers retain control, a break below $0.18 may drive losses to $0.15.
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