The post Top Solana Meme Coins: Could $CHOW Dethrone WIF and BONK? appeared first on Coinpedia Fintech News
Dogwifhat was one of the best-performing meme coins in the market, surging by close to 3,000% to hit its ATH in March 2024. However, despite its impressive gains, Dogwifhat has dipped out of the top 100 largest cryptos, with the tides turning in November 2024, with a massive dip spillover into 2025. The Bonk price has also plummeted by over 47% in the past month. However, despite the steep decline, Ali Martinez believes a strong support hold above $0.0000091 could lead to a bullish outlook.
Moreover, the meme coin market is full of swing, and investors are always on the lookout not to miss the next big opportunity. As popular giants like Dogwifhat and Bonk showcase signs of bouncing off from key support levels, many new gems are also sneaking up in the market, and ChowWow is one of them. Its presale presents the perfect opportunity to buy into the token’s low entry price of just $0.008.
Dogwifhat Price Correction Nearing End After 87% Price Dip
The price of Dogwifhat dipped by 87% from its ATH to hit a low of $0.55 on February 3, 2025. While no clear bullish trend reversal signals have emerged, the price of Dogwifhat continues to trade along an important support level. This suggests that a recovery could be on the horizon. The weekly time frame chart for the WIF token suggests that the meme coin price has fallen inside a long-term descending parallel channel since April 2024.
Dogwifhat price chart | Source: TradingView
The Channel contains both the ATH and slightly lower highs of March and November 2024. During the dip, Dogwifhat price dipped below the channel’s midline, breaking down below the $1.40 horizontal support region. This is the final horizontal zone before the all-time low.
Since February, the Dogwifhat price has traded close to the channel’s support trend line. WIF hasn’t shown any bullish trend reversal signs despite this being a likely level for a bounce. Technical indicators are also bearish, with the RSI and MACD falling below the bullish threshold.
Bonk Price to Test Major Support: Could a Reversal Be In Sight?
Bonk’s price movement managed to hold a key support level around the $0.0000091 support level last tested in February 2024. Bonk, which trades above the $0.0000149 level, is also hovering near the lower band of the Bollinger Bands, signaling an oversold scenario.
Bonk price analysis | Source: CoinMarketCap
If the meme coin rebounds off this lower boundary, it might initiate a short-term surge. However, failure to reclaim the mid-band, which is at $0.0000181, could keep the selling pressure intact. Meanwhile, the RSI is at 37, which is also close to oversold territory. Historically, this has always led to a price rebound in the short term.
Notably, Bonk price has been sitting near key retracement levels, with the 1.618 Fib extension around $0.0000107 acting as a significant support zone. If the price of Bonk loses this level, it might result in a deeper correction, potentially testing sub-$0.0000700 levels. However, if the bulls step in at the current levels and push the meme coin price above $0.0000180, the token might rally toward $0.0000230 and beyond.
ChowWow ($CHOW): A Utility Meme Coin with Clear Vision for The Future
ChowWow ($CHOW) is a utility meme coin built with its community in mind while committed to providing practical use cases. It transcends its meme status by integrating features like Web3 gaming infrastructure, staking, and airdrops to expand its community while encouraging loyalty. Moreover, ChowWow has been developed on the SOL blockchain’s lightning-fast speeds and cheaper transaction fees, making it better than Ethereum-based meme coins.
ChowWow, which currently sells at just $0.008 at stage one of its presale, has already recorded significant attention, with over $150K already raised. As a deflationary token, the ChowWow project plans on burning and buying back the $CHOW tokens with the aim of reducing its supply over time and supporting a price rally. A move that has led to crypto enthusiasts scooping up the tokens before the price rallies.
Among the stand-out features of the ChowWow project is its play-to-earn reward scheme, which distinguishes the project from the rest of the conventional meme coins based on internet hype. For its gaming kingdom, $CHOW will act as the main token players can use, as the project follows a sustainable method of keeping the token in high demand.
Can ChowWow Outshine Dogwifhat And Bonk In 2025?
Dogwifhat price movement could be nearing the end of a bearish outlook. However, the WIF token has yet to record any significant gains. The Bonk price has showcased a bullish sign provided it remains above the $0.0000091 level as ChowWow opens up a new door for big ROI with actual utility. The project’s tokenomics will allocate 70% of its supply to presale tokens, gaming rewards, and staking. This makes now the right time for investors to capitalize on the ChowWow at a discount before its price surges.
