š Solana Meme Coins Skyrocket Post Iran-Israel CeasefireāHereās Why Traders Are FOMOing In
Solana's meme coin ecosystem just got a geopolitical adrenaline shot. As tensions de-escalated between Iran and Israel, degenerate traders pivoted from doomscrolling to pumping speculative assets with terrifying speed.
The 24-hour charts look like a cardiogram gone haywireāhalf a dozen SOL-based shitcoins ripped triple-digit gains while Bitcoin barely budged. Never let a crisis go to waste, right?
Behind the pump: With risk appetite returning, crypto's casino economy activated its standard 'buy the rumor, sell the news' algorithm. Retail tradersāarmed with leverage and trauma from missing previous meme runsāflooded into low-float tokens.
Cynical take: Nothing solves Middle East tensions like degens aping into dog-themed tokens with 80% dev wallets. At least the blockchain never sleepsāunlike the SEC's enforcement division.
Solana Recaptures Key Support After Cease-Fire
Solana has bounced off the $126 level even though the U.S. officially entered a war with Iran after bombing three of its most important nuclear research and enrichment facilities.
Meanwhile, the price was boosted after Iranās retaliatory MOVE on Monday and was further propelled after President Trump announced the cease-fire.
These geopolitical events have catalyzed a strong recovery for SOL as it bounced above the $140 key support that had previously pushed the asset to its local highs of $185.
Trading volumes have been above the average in the past two days, while the price seems to have been consolidating this morning ahead of the beginning of the American session.
The Relative Strength Index (RSI) shows signs of an early recovery as it has moved above the 14-day moving average. However, the short-term EMAs are still standing well below the 200-day EMA.
Until that happens, this could still be considered a mini ābear market rallyā that could end up pushing SOL to $110.
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These tokens offer significant upside potential to early buyers. A few examples include Fartcoin (FARTCOIN) ā a meme coin that came out of nowhere and took over the 7th spot among the most valuable assets in this category, with a market cap exceeding $1 billion.
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The demand for $SNORT will skyrocket once the bot starts to deliver its first positive results. Hence, early buyers will reap the highest upside potential by taking advantage of this tokenās
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Buy Snorter HereThe post Crypto News Today: Solana Meme Coins Explode After Iran-Israel Cease Fire appeared first on icobench.com.