Solana Ecosystem Coin Predictions: MEW and HIGHSTREET this June

Bittime - With increasing price volatility in the cryptocurrency market, top tokens have shown significant price movements in their portfolios since the start of the week. Notably, Bitcoin continues to maintain its price above the $71K mark (Rp. 1,153,750,000), reflecting the strong bullish sentiment among investors.

Solana-Based Tokens Are Gaining Momentum Again

Solana-based tokens have also seen a resurgence, adding substantial value to their portfolios in recent days. As the bullish trend continues, questions arise whether altcoins like Cat in a Dogs World (MEW) and Highstreet (HIGH) will outperform other top tokens this month.

Cat in a Dogs World (MEW) Price Prediction

The MEW token has seen a tremendous increase, with a gain of 37.72% in the past day and a gain of 43.19% over the past week. Since its launch, the memecoin has surged by 66.54%, indicating a strong bullish outlook for the coming weeks.

• Technical Indicators: Simple Moving Average (SMA): consistently supports the price chart in the 4-hour time frame, indicating positive market sentiment for MEW.
• The Moving Average Convergence Divergence (MACD): indicator shows a significant increase, indicating higher buying pressure compared to selling.
• Price Projection: If the bullish trend continues, MEW could test its upper resistance level of $0.00700 (Rp 113.75).
• However, if a bearish reversal occurs: the price could fall to its lower support level at $0.004655 (Rp 75.64).

Highstreet (HIGH) on the Verge of a Major Breakthrough?

Highstreet (HIGH) also performed impressively, with a 27% gain in the past day and a 19.50% gain over the past week. This altcoin has surged 2X in the last 30 days and has a Year-to-Date (YTD) return of 410%, reflecting growing investor interest.

• Market Position: With a trading price of $7,995 (Rp. 129,618.75), a circulating supply of 50,365,992 HIGH tokens, and a market capitalization of $420.63 million (Rp. 6,835,237,500,000), Highstreet is currently ranked 186th in the market global cryptocurrencies.
• Technical Indicators: The Relative Strength Index (RSI) shows a sharp uptrend, breaking through the overbought range and indicating a bullish reversal. The average shows a bullish curve, indicating prices will continue to rise.
• Price Projection: If Highstreet maintains its price above the $8 (Rp 130,000) support level, bulls could push it to test the $10 (Rp 162,500) resistance level in the coming weeks.
• Conversely, a bearish reversal: Could bring the price down to the support level of $6 (Rp. 97,500).

Conclusion

As the cryptocurrency market experiences increased volatility, the performance of altcoins such as MEW and HIGH highlights the dynamic nature of digital asset investing. Monitoring technical indicators and market sentiment can help investors navigate these fluctuations and make informed decisions.

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Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.