FLOKI

Pepe

PEPE

dogwifhat

<p>The post <a href="https://coinpedia.org/price-analysis/memecoins-bleeding-pepe-wif-bonk-bome-floki-crash-hard-heres-what-you-can-expect-by-the-month-end/" rel="noopener noreferrer nofollow">Memecoins Bleeding: PEPE, WIF, BONK, BOME, &amp; FLOKI Crash Hard: Here’s What You Can Expect by the Month-End!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Starting the week’s trade on a bearish note, Bitcoin lost one of its important supports at $63,500, which caused the price to drop below $62,500. This move has caused the memecoin space to lose over 5% of its market cap as the trading volume soars by above 18% in the past 24 hours. With this, the top 10 memecoins have incurred a double-digit loss, including PEPE, WIF, FLOKI, BONK, and BOME. Now that market sentiments have turned bearish, here’s what to expect from the memecoins by the end of the month.&nbsp;</p>
<h2 class="wp-block-heading" id="h-pepe-pepe-nbsp">Pepe (PEPE)&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcUKANP2e78mDEI04oJfkdWY4dHsExv4SCgW52Y--vv-J8vgbqzXf9143pLsmQ2_klsKl0xMhs6b0HVm2u7I21nqYgRgFUdh6SKyRptgkuoA90juHQHRg_3h2XxqbbY2VZvkURM_-ehexnSOY9G7YLwgdaZ?key=dJWypoEytafuoxIZ1v6pgg" alt="">
</figure>
<ul>
 <li>PEPE dropped below the support that it held for nearly a week, which suggests the start of a fresh bearish spell</li>
</ul>
<ul>
 <li>After failing to withstand at 0.618 FIB, the price is expected to drop below 0.5 FIB as the selling pressure escalates&nbsp;</li>
</ul>
<ul>
 <li>The RSI is heading towards the bottoms, while the MACD again turns bearish after combating the sellers for nearly a week</li>
</ul>
<ul>
 <li>Therefore, the current trade set-up suggests the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">PEPE price</a> may lose the key support at $0.00001 any time from now, which may drag the levels below $0.000009 by the end of the month.&nbsp;</li>
</ul>
<h3 class="wp-block-heading" id="h-dogwifhat-wif-nbsp">dogwifhat (WIF)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfDUIFnQI1z1t7O3lqMdMqFGO2zBX8JNsG-_tsV0xt2ZFwZLEHOXmUuAUp0s717EjDbSCLcHzk63kpnQCFZlvrCqmKDI04CJKjJ1oJuc830Y2SF8K7RBQFrWpxEctrs4XVfM7v10zcQSxb0qGV-I6_HHHHb?key=dJWypoEytafuoxIZ1v6pgg" alt="">
</figure>
<ul>
 <li><a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">WIF price</a> was trading within a parallel channel, holding the upper and lower bands despite the growing bullish and bearish forces over the token</li>
</ul>
<ul>
 <li>Ever since the selling pressure has intensified, the price has been maintaining a steep descending trend and has reached the last point of defence</li>
</ul>
<ul>
 <li>The plunged OBV and the growing levels of DMI after a bearish crossover suggest the price may reach levels close to $1.2</li>
</ul>
<ul>
 <li>Alongside, the rising ADX, indicating the growing strength of the rally within a bearish influence, may compel the token to form new lows very soon</li>
</ul>
<h3 class="wp-block-heading" id="h-floki-floki-nbsp">FLOKI (FLOKI)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcWn852L14c8TjGJEEcXzzvH3G2hCqfLrQ_uCC5DBArav8nS4GsyM2FBjDYSCjR7xJW6IuQdYPWpFw_ezdVLkG_B8EnGhj1O4ELk9y_NPOD8e3M-_WHvd87cYZkivLk2kNJc6EWvF05klINliCzVVx_SiLf?key=dJWypoEytafuoxIZ1v6pgg" alt="">
</figure>
<ul>
 <li>FLOKI experienced a huge pullback but the levels remain under bullish influence as the price trades above the pivotal support</li>
</ul>
<ul>
 <li>The OBV remains unchanged regardless of the price variation, suggesting the bulls held a large dominance&nbsp;&nbsp;</li>
</ul>
<ul>
 <li>The MACD displays a drop in selling pressure, which may pave the way for a healthy and sustained rebound later this week</li>
</ul>
<ul>
 <li>Therefore, the <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">FLOKI price</a> is believed to drop, test the support zone at $0.00014 and $0.00013 and trigger a rebound to reclaim the lost levels.</li>
</ul>
<p>BONK &amp; BOME prices have also displayed a similar trade setup with a drop in selling pressure. Therefore, apart from the top memecoins like DOGE &amp; SHIB, PEPE &amp; FLOKI, the newly launched tokens seem to have gathered huge attention and as a result, they may initiate a fresh bullish spell very soon.&nbsp;</p>

Memecoins Bleeding: PEPE, WIF, BONK, BOME, & FLOKI Crash Hard: Here’s What You Can Expect by the Month-End!

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