Solana eyes key level as Poodlana presale hits $1.4 million

• Solana (SOL) breakout above $160 could ignite rally to new year-to-date highs.
• Poodlana (POODL) has hit $1.4 million in presale, just 48 hours after launch.
• Catalysts such as SOL price gains, Asia’s love for Poodlana and meme coins surge make POODL attractive in presale.

Solana (SOL) is trading above $160 as bulls look to strengthen. Meanwhile, viral meme coin Poodlana (POODL) has ignited a major frenzy as its presale smashes past the $1.4 million mark within 48 hours of launch.

SOL has analysts eyeing recent highs amid positive sentiment, likely driven by further gains for BTC and ETH.  Solana’s price is among the top gainers in the past 24 hours on CoinMarketCap at the time of writing, springing more than 2.4% as trading volume surpasses $2.7 billion.

Solana targets new momentum above $160

The price of Solana has returned to levels seen when the cryptocurrency benefited from upside sentiment from spot SOL exchange-traded funds (ETFs) applications. VanEck and 21Shares filed their respective spot Solana ETFs a few weeks ago.

A run for Solana meme coins is also shaping up as SOL changes hands above $160.

Bulls might target $175 if they build momentum above $164, which analysts say is a key supply wall area. Yet, with meme coins like dogwifhat (WIF) leading the upward charge, the likelihood of SOL hitting full gas towards $200 is increasing.

Interest in presale trendsetter Poodlana could also be another factor.

Poodlana presale quickly raises $1.4 million

The Solana meme coin market has top tokens like WIF, BONK and POPCAT. But none have mastered as much interest from crypto as has Poodlana – the Solana meme coin that has exploded onto the scene by going viral in Asia.

In just over 48 hours, Poodlana’s presale has raised over $1.4 million.

The project surpassed the $1 million milestone within 24 hours as FOMO kicked in across the market. Most of the presale pace has come from Asia where the poodle is a top dog breed – the glamourous entry says it all.

POODL – how attractive is Poodlana?

Poodlana is a crypto meme project that combines the appeal of the poodle, the fashion world’s entry into crypto and the rapid growth of meme coins on Solana.

Asia, with Japan, Korea and China at the helm, are key destinations for all three – Asian’s love poodles, the region commands huge volume in the crypto market and top meme coins have found the earliest traction before going viral in Asia.

The expectation is that Solana is set for a new bull run, and so are meme coins. A quick-fire sale that will see Poodlana launch its first DEX 60 minutes after presale close also means POODL would be ready to explode amid a broader market spike.

Poodlana price

With 500 million POODL on offer during the presale, an early bird looks like the best time to position with Poodlana.

Currently, POODL remains priced at $0.02 in the first stage of presale. However, it will rise through the next nine stages as the 30-day presale speeds towards the final day on August 16, 2024. Immediately after, Poodlana will be trading live on the market, offering early adopters the chance to bask in glamour and opportunity.

More details about Poodlana are on the official website.