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Solana meme coins $WIF and $BONK continue to struggle, reflecting the broader downturn in the sector. $WIF has dropped to nearly $1, its lowest level in eight months, while $BONK risks testing key support levels as its EMA lines signal a continued downtrend.
Both tokens have suffered steep losses, with $BONK down 40% and $WIF dropping 52% over the past 30 days. While a broader meme coin resurgence could spark a recovery, both assets remain under pressure, with further declines still on the table.
$BONK and $WIF Extend Losses as Solana Meme Coins Collapse
The meme coin sector has faced a sharp downturn, losing 10.8% in the past 24 hours and now sitting at a total market cap of $90 billion.
Solana meme coins have been hit particularly hard, with all nine of the chain’s top nine biggest tokens recording losses over the past day and the last seven days.
Among the hardest-hit tokens, $BONK and $WIF have struggled significantly, with $BONK down 40% and $WIF dropping 52% over the past 30 days.
Despite their recent losses, both coins remain among the largest meme coins on Solana. $BONK holds the second position with a market cap of approximately $1.6 billion, followed closely by $WIF at $1 billion.
However, since its launch, TRUMP has surpassed both to become the leading Solana meme coin.
dogwifhat Price Prediction: Will $WIF Continue Going Down?
$WIF is currently trading near $1, its lowest level in months, after failing to break the $1.37 resistance. Its EMA lines point to an ongoing downtrend, suggesting bearish momentum remains strong.
If the trend continues, $WIF could test the $0.97 support, and a breakdown could push it below $0.90.
A broader meme coin recovery, especially within the Solana ecosystem, could help $WIF price regain momentum. If buying pressure builds, $WIF could first test $1.22, with a breakout leading to $1.37.
If that resistance is cleared, $WIF could rally to $1.64 or even $1.99, a potential 91% gain.
Bonk Price Prediction: Will $BONK Reach Its Lowest Levels Since November 2024?
$BONK EMA lines mirror $WIF’s downtrend, with short-term lines trading below long-term ones.
If this trend persists, $BONK could test $0.0000199 soon, and a breakdown could send it as low as $0.000017, its lowest level since early November 2024.
A reversal could see $BONK price challenging the $0.0000225 resistance, with a breakout leading to $0.000028.
If bullish momentum strengthens, $BONK could climb to $0.0000398, signaling a strong recovery.