Solana meme coins are back in the spotlight once again, with Dogwifhat (WIF) leading the charge.
WIF’s head-scratching bullish strength – evidenced by nearly 25% rally over the past 24 hours – has positioned it as a top performer today, outperforming even the best meme coins.
After hitting $1.04, the Solana meme coin is now gearing up for a move above its multi-month high of $1.5, resulting in significant FOMO buying.
Several WIF price predictions from famous analysts also confirm the possibility of a bullish continuation, citing its correlation with the SOL price trajectory.
Already, Solana has started registering bull trap bounces, which popular trader “TraderSZ” believes could send its price to $260.
Taking this bullish forecast into account, it could finally be time for investors to dive into WIF and other Solana meme coins demonstrating significant upside potential.
Why is the Dogwifhat Price Rising Today?
Dogwifhat continues to be among the strongest-performing meme coins as the crypto bull run gets underway.
Following its May 3rd macro bottom, the WIF price has appreciated by nearly 88%, trading as high as $1.04 at press time.
WIF’s bullish trajectory is no surprise, considering it is one most accumulated meme coins over the past month, signaling strong interest from smart money investors.
It is mostly seen as a beta bet on Solana – and that’s why many degens dive in anytime the SOL price is on the cusp of a bullish breakout.
Right now, things are looking green for Solana. The popular altcoin is trading around $161, up by 5% in the last 24 hours, according to CoinMarketCap data.
A continuation of the bullish trajectory, according to analysts, would mean SOL has started its larger B-wave – potentially paving the way for a recovery above $200.
And considering WIF has a strong correlation with the SOL price trajectory, it could benefit significantly from the latter’s revisit of its multi-month high.
WIF Price Prediction – How High Can It Go In June?
Among the tokens in the top 10 meme coin ranking, many experts appear to be more bullish on WIF’s prospects – perhaps due to its strong technicals.
The Solana meme coin showed unmistakable signs of strength between February and April – a period when the global market was reeling under the pressure of Donald Trump’s disruptive trade policies.
And as the tariff wars subsided and Bitcoin reclaimed the monumental $100k, WIF’s bullish strength has become increasingly evident.
The meme coin is among the top meme coin gainers over the past month, outperforming even the likes of Dogecoin, Shiba Inu, and Pepe.
Considering it already secured a monthly close above the key $0.9 – $0.97 resistance zone, WIF could be set for a bullish continuation in June, potentially retesting new highs.
Technical indicators further confirm this outlook – demonstrated by the formation of a falling wedge pattern on the 24-hour chart. After all, the RSI is still hovering in the neutral zone, indicating there’s still room for further growth.
In a more bullish scenario, Dogwifhat – according to experts – could break out of its 200MA resistance band, potentially touching the $1.5 level in the coming weeks.
As earlier mentioned, one key factor to watch is SOL. Once the SOL price crosses $200 and heads towards new highs, WIF could go parabolic.
Solaxy – A Solana Meme Coin With More Upside Potential
Solana’s strong prospects have got investors hunting for new, low-cap meme coins capable of delivering anywhere between 10x and 100x returns in 2025.
For instance, Solaxy – a utility-driven meme coin is seeing heavy whale demand, and has already crossed the $43 million mark, with less than two weeks remaining in its presale.
Investors see Solaxy as a superior investment to capitalize on the ever-strong Solana narrative – all thanks to its low-entry requirements and strong upside potential.
Basically, Solaxy is the first-ever Solana Layer-2 solution, designed to tackle the blockchain’s network congestion issue during high-traffic periods.
There’s no doubt that Solana is one of the most successful blockchains on the market right now, but its network struggles – especially during periods of heavy traffic – has negatively impacted the overall user experience.
Solaxy aims to address the issues with its ZK-rollup-powered Layer-2 scaling solution, ensuring high scalability and zero downtime. The L2 is also highly interoperable, bridging two of the most popular blockchains in the world – Solana and Ethereum – to deliver seamless cross-chain transfers.
The Solaxy’s Testnet bridge went live recently, marking a crucial step in its journey toward building a blockchain that’s more scalable, interoperable, and secure.
Considering that Solaxy will launch on exchanges amid a bull run, market analysts are already eyeing up to 100x returns from it.
Visit Solaxy Presale
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