Solana DApp revenue reaches $365M in November 2024, led by memecoins
Surge in Solana DApp Revenue: In November, Solana's decentralized applications (DApps) generated $365 million in revenue, with the memecoin launchpad Pump.fun leading at $106 million despite facing criticism for inappropriate content.
Growth of Memecoin DApps: Memecoin DApps on Solana saw a significant revenue increase, reaching $509 million year-to-date in 2024, marking a growth of over 300 times since January, while DeFi contributed to 83.7% of all DApp revenue.
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Technical Analysis for MEME
Technical Sentiment Analysis for Memecoin (MEME) As of , Memecoin (MEME) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MEME stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MEME is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Memecoin (MEME) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000268 | 0.000434 | 0.000604 | 0.00077 | 0.00094 | 0.00111 | 0.00128 |
| Fibonacci | 0.000434 | 0.000563 | 0.000642 | 0.00077 | 0.000899 | 0.000978 | 0.00111 |
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