Shiba

Bonk

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<p>The post <a href="https://coinpedia.org/price-analysis/will-the-meme-coins-doge-shib-pepe-bonk-crash-in-may/">Will The Meme Coins DOGE, SHIB, PEPE, BONK Crash In May?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the crypto market witnesses a massive crash, the altcoins are losing their critical support levels. Amidst the crash, the meme coins known for massive moves on either side display an amplified downside move.&nbsp;</p> 
<p>As investors quickly square off amid the rising FUD, dreams of a market-wide bull run post-Halving become further from reality. Will the meme coins surf through the bad seas for a moon shot? Is this a healthy correction?</p> 
<p><em>Let’s look at the price analysis of top meme coins for a more decisive analysis.&nbsp;</em></p> 
<h2 class="wp-block-heading" id="h-the-crash-of-1-meme-coin-nbsp">The Crash of #1 Meme Coin&nbsp;</h2> 
<p>On a pullback row, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">DOGE price</a> action shows an intense downtrend, cracking under the crucial support zone of $0.145. With a larger bearish channel at play, the growing supply forms a secondary channel within and challenges the $0.13 level.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3.png" alt="" class="wp-image-296425" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124343/image-3-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/vmwyOPSR/">Tradingview</a></p> 
<p>The daily RSI line drops below the oversold zone, reflecting a surge in the supply pressure. Supporting this view, the MACD and signal lines are on a negative trend.&nbsp;</p> 
<p>If the meme coin drops under $0.13, the sellers will test the declining support trendline at $0.11 or closer to the psychological support of $0.10. Optimistically, a bullish reversal could revive a positive cycle and hit the $0.18 mark.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-shiba-inu-s-triangle-breakdown-nbsp">Shiba Inu’s Triangle Breakdown&nbsp;</h2> 
<p>With the supply tsunami hitting most altcoins, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">SHIB price</a> trend shows a bearish turnaround. The meme coin displays a breakdown of a symmetrical triangle pattern in the 4H chart.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5.png" alt="" class="wp-image-296427" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-5-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/MUwJwGCj/">TradingView</a></p> 
<p>The meme coin has dropped by almost 10% in the last 24 hours, resulting in a 25% drop in the last 30 days. As the breakdown marks a selling spot, the chances of downfall increase, and the SHIB price could drop under the $0.000020 psychological mark.</p> 
<p>On the upside, a retest of the broken trendline can be a comeback moment for buyers to take over the trend control.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-pepe-channel-retest-prolongs">PEPE Channel Retest Prolongs</h2> 
<p>Amidst the crashing meme coins, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">PEPE price</a> action shows a bullish breakdown of a falling channel struggling to take off. The breakout rally returns for a retest from the 50% Fibonacci retracement level.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6.png" alt="" class="wp-image-296428" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124345/image-6-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/aCnM8yoS/">TradingView</a></p> 
<p>As it reverses from $0.000007662, the retest puts the PEPE price at the 23.60% Fibonacci level close to $0.0000060. With an intraday drop of 4.94% and 9.37% last night, the frog-themed coin is under extreme pressure. The downfall could result in the $0.0000060 breakdown.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bonk-meme-coin-under-pressure">Bonk Meme Coin Under Pressure</h2> 
<p>With a similar bearish channel breakout to PEPE, the BONK meme coin prices did manage to take off. However, the short-lived uptrend takes a reversal amidst the broader market slowdown.</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4.png" alt="" class="wp-image-296426" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/01124344/image-4-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/0NhVUDwp/">TradingView</a></p> 
<p>As the bearish reversal retests the $0.000020 support zone, the <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/" target="_blank" rel="noreferrer noopener">BONK price</a> trend shows a high possibility of a bullish turnaround. Despite a sharp drop of 11% last night, the meme coin shows resilience and avoids bearish continuation today.&nbsp;</p> 
<p>In case of a bounce back, the uptrend could hit the $0.000035 mark.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-conclusion-nbsp">Conclusion&nbsp;</h2> 
<p>With a crash and growing supply, the meme coins are under extreme bearish pressure and project a downtrend continuation this week. However, the presence of strong demand at lower levels could result in a slightly positive month-end. Hence, May could be surprisingly positive for meme coins as soon as the market overcomes the <a href="https://coinpedia.org/news/changpeng-zhaos-unexpected-turn-sentenced-to-four-months-for-financial-crimes/" target="_blank" rel="noreferrer noopener">CZ news</a>.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/top-meme-coins-for-10x-profits-in-may/">Top Meme-Coins For 10X Profits In May!</a></p>

Will The Meme Coins DOGE, SHIB, PEPE, BONK Crash In May?

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