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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

WOJAK crypto is moving again, and the meme coin faithful are paying attention. The original despair-fueled token surged as much as 87% in a 24-hour window, reigniting a sector that many had written off after months of sideways consolidation.

Whether this leg holds or fades fast is the question every trader is asking right now.

The rally appears supply-driven. On-chain data tracked by MEXC shows aggressive accumulation alongside a tightening circulating supply, with whale wallets absorbing selling pressure at key floor levels.

Volume spiked into the move, a distinction that separates genuine breakouts from low-liquidity noise. One chart making rounds on Crypto Twitter shows WOJAK printing its highest weekly close since its 2023 peak. That kind of structure demands a closer look.

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The broader ETH memecoin sector is catching a bid at the same time, suggesting this isn’t an isolated pump. Ethereum-based meme tokens are drawing renewed capital as gas conditions improve and risk appetite expands, a context that matters when sizing any position here.

Can WOJAK Crypto Price Sustain Its Breakout or Is a Reversal Imminent?

WOJAK crypto is currently priced at approximately $0.0₆1021, sitting on a market cap of roughly $41.5M after the multi-day surge. That’s a meaningful number, small enough to move fast, large enough to attract institutional-grade meme traders who track this tier specifically.

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The move here is not just a one-candle spike; it looks like sustained buying over a short window, with volume well above average, which usually signals real interest rather than a quick pump.

The structure is pretty clean when viewed in market-cap terms. Right now, the key resistance sits around $50M, and that is the level that decides whether this continues or stalls.

Source: Tradingview

If it breaks above $50M with volume holding, that is where momentum can expand fast and open the path toward $100M as the next target, especially with traders chasing strength.

If it gets rejected there, the more realistic outcome is a cooldown, with price settling and accumulating around the $30M area while the market digests the move.

The risk is that it starts losing structure rather than consolidating, because once distribution kicks in, these moves unwind quickly.

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And at this size, the further it runs without a reset, the worse the risk-reward gets, so anyone entering now is chasing momentum, not early positioning.

Maxi Doge Presale Nears $5M as WOJAK Traders Hunt Earlier-Stage Upside

WOJAK’s surge is validating the meme coin thesis — but at $21.5M market cap and already up 187%, the easy money has cleared the table (that’s just math). Traders who want the next WOJAK-style move, not the current one, are looking earlier in the funnel.

Maxi Doge ($MAXI) is currently the presale generating the most discussion in that context. Built on Ethereum as an ERC-20, the project has raised $4,748,137.43 at a current price of $0.0002814 — closing in hard on the $5M milestone.

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The concept is built around a 240-lb canine juggernaut embodying a 1000x leverage trading mentality: gym-bro energy meets aggressive market culture, packaged into holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury backing liquidity and partnerships.

Recent coverage confirms the presale’s momentum toward that $5M threshold. Dynamic staking APY is live for current holders. The tagline, never skip leg-day, never skip a pump, is aggressively on-brand for the audience it’s targeting.

Presales carry real risk: no secondary market liquidity until launch, and meme projects live or die on community velocity. Do the work. But for traders who missed WOJAK’s entry, Maxi Doge is worth researching before that $5M milestone closes the current tier.

Visit Maxi Doge Here

The post WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026 appeared first on Cryptonews.

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Solana price forms bullish double bottom, eyes upside to over $110 on breakout

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Solana price is forming a double bottom pattern on the daily chart.

Solana price has rebounded by 6% since its Monday drop as investor confidence returns to the market. It is in the process of forming a double bottom pattern, which could position it for a significant trend reversal in the coming sessions.

Summary

  • Solana rose to $88.5 as market sentiment improved, supported by easing geopolitical tensions and rising trading volume.
  • The token is forming a double bottom pattern, with a breakout above $97.8 potentially targeting $118.
  • Liquidation data shows $20.5 million in short positions near $91, raising the likelihood of a short squeeze on further upside.

According to data from crypto.news, Solana (SOL) price rose 3% to $88.5 on Wednesday, bringing its market cap to over $50 billion. Its gains came amid its daily trading volume rising by 22% to $4.96 billion.

Solana price rose after U.S. President Donald Trump announced an extension of the Iran ceasefire, easing broader macro fears and leading to a relief rally across the entire crypto sector.

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The token has also benefited from institutional players doubling down on the token. Notably, Goldman Sachs recently disclosed that it holds $108 million in spot Solana ETFs. At the same time, assets in Solana spot ETFs, including those from Bitwise and Fidelity, have now surpassed $1 billion.

Solana is now in the process of completing a double bottom pattern on the daily, a setup that typically signals a bullish reversal on breakout from the neckline of the pattern. For Solana price, the neckline stands at $97.8, just 10% above the current price.

Solana price is forming a double bottom pattern on the daily chart.
Solana price is forming a double bottom pattern on the daily chart — April 22 | Source: crypto.news

A decisive breakout could position the token for an upside to $118 with no more major resistance levels on the way. The target is calculated by adding the height of the double bottom formed to the point at which the breakout occurs.

Meanwhile, the Solana weekly liquidation heat map shows a large cluster of dense liquidity at $91, where more than $20.5 million in short positions are currently sitting. If the price reaches this level, it could trigger a short squeeze that accelerates the move toward the neckline.

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Coinbase Shifts NY Prediction Markets Case to Federal Court

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Coinbase Shifts NY Prediction Markets Case to Federal Court

Coinbase’s chief legal officer, Paul Grewal, said Wednesday that the company had removed New York Attorney General Letitia James’ prediction markets lawsuit from state court to federal court, arguing that the case turns on disputed questions of federal law over how event contracts are regulated.

The move escalates a legal fight that could help define whether prediction markets fall under federal commodities regulation and the scope of the US Commodities and Futures Trading Commission’s (CFTC) or state gambling laws, with broader implications for the oversight of platforms like Coinbase and Gemini.

“We have removed this action to federal court,” wrote Grewal in a Wednesday X post, adding that New York’s claims raise “disputed and substantial questions of federal law” and are subject to “complete preemption.”

It comes in response to a Tuesday lawsuit filed by New York’s Attorney General Letitia James against Coinbase Financial Markets and Gemini Titan, alleging their prediction market offerings violate New York gambling law by allowing users to bet on sports, entertainment and elections without a state gaming license, including users between 18 and 20 years old.

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Related: Kalshi, Polymarket face trading halt in Nevada after court rulings

The lawsuit seeks fines, forfeiture of alleged illegal profits and restitution for customers, while also asking the court to stop the companies from offering similar products in New York without complying with state law.

Cointelegraph has approached Coinbase for comment on the matter and a copy of the court filing.

Notice of Removal. Source: Paul Grewal

State regulators battle for prediction markets jurisdiction

State regulators have stepped up pressure on prediction market platforms in recent months, with 11 states having pursued legal action against them, seeking to assert control over federal regulators.

Coinbase’s Grewal said in a Tuesday X post that prediction markets are “federally regulated national exchanges” under the CFTC and the company will continue to “fight for the federal oversight of these markets that Congress intended.”

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Coinbase launched prediction markets across 50 US states, including New York, on Jan. 28, offering trades on “any real-world outcomes” across sports, politics, culture and more.

The New York Attorney General’s lawsuit is the latest sign that state regulators are seeking to assert their jurisdiction over emerging prediction markets, contradicting the CFTC’s stance, which said it has exclusive jurisdiction over prediction markets registered as designated contract markets, such as Polymarket and Kalshi. 

On April 2, the CFTC filed three separate lawsuits against the gaming regulators of Illinois, Connecticut and Arizona, arguing that those states could not apply their gambling laws and licensing requirements to event contracts listed on CFTC-regulated platforms.

On April 8, the CFTC and US Department of Justice (DoJ) asked a federal court to block Arizona from enforcing state gambling law against Kalshi’s event contracts, arguing that they fall under the CFTC’s exclusive authority.

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