Ethereum

Pepe

Dogecoin

<ul>
 <li><strong>Crypto market faces downturn; bears dominate, impacting major coins.</strong></li>
 <li><strong>Dogecoin, Pepe, and more experience double-digit declines.</strong></li>
</ul>
<p>A notable downturn has marked the cryptocurrency market as bears exerted pressure, causing the overall market cap to drop by 5.89%. Bitcoin, the leading cryptocurrency, experienced a sudden decline to as low as $66,000, while Ethereum briefly fell to $3,319. During this period, the entire network witnessed a total liquidation of $157 million, with long orders accounting for $144 million of that figure.</p>
<p>Even the meme coins, known for their volatile nature, did not escape this trend. The memecoin market cap <a href="https://coinmarketcap.com/view/memes/" rel="noopener noreferrer nofollow">recorded</a> a significant decline of 10.8%, despite a notable increase in trading volume by 42%.</p>
<p>Among the meme coins, some witnessed double-digit declines:</p>
<h3 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h3>
<p>Dogecoin saw a 14% decrease in the past 24 hours, with its current trading price at $0.1866. Despite the downturn, trading volume surged by 66%. It reached a seven-day low of $0.1850, fluctuating between $0.187 to $0.2172 today. Over the past month, Dogecoin witnessed a 33% surge. The 9-day Exponential Moving Average (EMA) stands at $0.19537, while the daily Relative Strength Index (RSI) indicates a neutral condition at 54. Analysts <a href="https://thenewscrypto.com/dogecoin-poised-for-600-rally-analyst-predicts-1-5-for-doge/" rel="noopener noreferrer nofollow">suggest</a> that if bullish momentum persists, Dogecoin could reach $0.228, but if bearish pressure continues, it might drop to $0.175.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/s-KzCkW7ge7bws4_tqzskLbKi07TWKisHP_3JoZ7Nv9tFYo5sGeZWTfQhPle4_xS307gM59vgdjBUW6zDKZNXAaF6y9bRHtlOJQ2WyHgSAQ-AdxP3ni7BKyWvgedQoJrWtrNr4cGSxBZJgWo3aKPp-A" alt="">
  <figcaption class="wp-element-caption">
   DOGE Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-pepe-pepe">Pepe (PEPE)</h3>
<p>Pepe experienced a 14% decline in the last 24 hours, currently trading at $0.000007217. Despite the downturn, trading volume increased by 7%. It hit a two-week low of $0.00000703, with trading ranging between $0.000007163 to $0.00000828 today. Over the past month, Pepe surged by 77%. The 9-day EMA is at $0.00000787, and the daily RSI indicates a neutral condition at 49. Analysts suggest that if bullish momentum persists, Pepe could rise to $0.00000923, while a bearish scenario might lead to a drop to $0.00000660.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/OK2XifpjX-QOSIwEBy9cwLmz8EjnlXLOTw2fKuyayHxEgm5avLDx8elOIB9vBTwbqvE9dQiouNSEf94DoFQXxlGTalXKBbAGXnj8FSf1jXfJj3Hzij6K-_uB6IxjOt8OAQI1zZFgWaNi5XraBn2jz6M" alt="">
  <figcaption class="wp-element-caption">
   PEPE Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-dogwifhat-wif">Dogwifhat (WIF)</h3>
<p>Dogwifhat witnessed an 11% decline in the past 24 hours, currently trading at $3.8, with a 4% increase in trading volume. It hit a five-day low of $3.8, fluctuating between $3.81 to $4.48 today. In the past month,&nbsp; it surged 229%. The 9D EMA is $3.93. The daily RSI is at 56, showing a neutral condition. The bulls might take it to $4.81 and the bears might take it to $3.0</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/j8l9TXkUmUy6-RgYoztQfuSYWZy5LSVNLcq5j8tWrD32YFKRvc0NC_YrN8iGmS_QJ5lLik_1olumjKqDZ4A8SsU6vSEE9rovXZVgKMFBZ5zjxiKTioEUwICzN9mV1AVxblzfxs9JDs6k5G4nZA2A9gA" alt="">
  <figcaption class="wp-element-caption">
   WIF Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<p>The downturn in the crypto market has raised concerns among investors, with many closely monitoring the situation for potential shifts in market sentiment and price movements.</p>

Why Memecoins’ Trading Volume Soars Amid Bearish Takeover?

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