Ethereum

Dogecoin

Pepe

<ul>
 <li><strong>Memecoins like Dogecoin, Pepe, and Dogwifhat have shown significant losses amid the market downturn.</strong></li>
 <li><strong>The crypto market cap dropped 5.58%, and significant liquidations were observed.</strong></li>
</ul>
<p>The cryptocurrency market has been under significant pressure as bearish sentiment led to a 5.58% drop in the overall market cap. Bitcoin, the leading cryptocurrency, plunged to an eight-day low of $58,034, marking a 5% decline. <a href="https://thenewscrypto.com/will-ethereum-recover-after-slumping-below-2500/" target="_blank" rel="noopener noreferrer nofollow">Ethereu</a><a href="https://thenewscrypto.com/will-ethereum-recover-after-slumping-below-2500/" rel="noopener noreferrer nofollow">m</a> also faced a sharp downturn, briefly falling to a 20-day low of $2,481. Additionally, $110 million was liquidated from the market in the past few hours.</p>
<p>Even the typically volatile meme coins were not spared from this downward trend, with the meme coin market cap recording a 5.3% decline.</p>
<h3 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h3>
<p>Dogecoin saw a 4% decrease in the past 24 hours, currently trading at $0.1003. Despite the downturn, trading volume surged by 31%. DOGE hit a nineteen-day low of $0.1850, fluctuating between $0.187 and $0.2172 today. Over the past month, Dogecoin witnessed a 33% surge. The 9-day Exponential Moving Average (EMA) stands at $0.09739, while the daily Relative Strength Index (RSI) is nearing oversold territory at 45. Analysts suggest that if <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> momentum resumes, Dogecoin could reach $0.1156, but continued bearish pressure might push it down to $0.0899.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe6g4TSFpk2F-vqkhdiMtE50dRW8oZr23_8CKtI-nB9q4E2vRkRkkWeiC7agw1NP8XnIg1P4cxYJGDETb6XAccqzRqr0WDrZvrULOoDxlJVO0rD2qQfYBgKEWVr3UWIXRREJ96rPFC9L2cIOGpprhrInZa3?key=LnkBH6k9IsKPRBndohAkBg" alt="">
  <figcaption class="wp-element-caption">
   DOGE Price Chart, Source: Sanbase
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-pepe-pepe">Pepe (PEPE)</h3>
<p>Pepe experienced a 4% <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">decline</a> in the last 24 hours, currently trading at $0.000008089. Despite the drop, trading volume increased by 33%. PEPE reached a nine-day low of $0.00000703, with trading ranging between $0.000007163 and $0.00000828 today. Over the past month, Pepe surged by 77%. The 9-day EMA is at $0.00000746, and the daily RSI is nearing oversold conditions at 45. Analysts suggest that if bullish momentum persists, Pepe could rise to $0.00000923, while a bearish scenario might see it drop to $0.00000660.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfzVrDIkp04oPRxDUrWyNoNM1t9WuFxiB4OXIHd7IezODOKY8uVNxCR2vWogm_aCHs7GZ93xHEpIhfx-Ni_0v0rp2Fksqn3JzNfmBEHqwp0ARpheIGTPWShPrvvYnQ0y5QhxNTQ0bKe6syxnvOqQQDYwL0v?key=LnkBH6k9IsKPRBndohAkBg" alt="">
  <figcaption class="wp-element-caption">
   PEPE Price Chart, Source: Sanbase
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-dogwifhat-wif">Dogwifhat (WIF)</h3>
<p>Dogwifhat witnessed a 6% <a href="https://thenewscrypto.com/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">decline</a> in the past 24 hours, currently trading at $1.63, with a 32% increase in trading volume. WIF hit a seven-day low of $1.51, fluctuating between $1.51 and $1.75 today. Over the past month, it declined by 36%. The 9-day EMA is at $1.68, and the daily RSI is at 46, showing it is nearing oversold conditions. Bulls might push it to $2.17, while bears could drive it down to $1.30.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeO15mZWjQxxq47wM902GW-eBZGy7oaXqtB4GReUunZyVyKCigjz5SoSQTgd-oHLrms9TrHHenFAtQ6NHHDCBPGX4gsWLj0JK-onnYDPvdYkq80NV78Z8bsGRD7ZEA8gwLW-NbmOyH1rPf6gVXGFKoPNuJ1?key=LnkBH6k9IsKPRBndohAkBg" alt="">
  <figcaption class="wp-element-caption">
   WIF Price Chart, Source: Sanbase
  </figcaption>
 </figure>
</div>
<p>This downturn has raised concerns among investors, who are now closely monitoring the market for potential shifts in sentiment and price movements.</p>
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Memecoins Sink to New Lows as Crypto Market Falters

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