Ethereum

FLOKI

PEPE

Coin

<p>The substantial drop in the crypto market today caused most assets—including Ethereum and Bitcoin—price drops. This bearish trend has also had an impact on the meme coin market; <a href="https://captainaltcoin.com/pepe-price-pumps-30-but-which-meme-coin-is-best-to-invest-in-now/" target="_blank" rel="noopener noreferrer nofollow">tokens like PEPE</a> and FLOKI have seen considerable drop.&nbsp;</p>
<p>Though both <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> tokens seemed to be improving a little bit earlier in the week, right now they are among the worst performers during the past day.</p>
<h2 class="wp-block-heading" id="strong-pepe-faces-critical-support-level-strong"><strong>PEPE Faces Critical Support Level</strong></h2>
<p>PEPE has seen a considerable decrease in value, with the latest data from CoinMarketCap showing its <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">price at $0.000010</a>. This represents a 10.88% drop over the past day. Trading volume for PEPE has surged to $1,863,454,245, indicating increased market activity amid the decline.</p>
<p>The coin currently holds just above a critical support level of $0.000009373. A decline below this threshold can indicate additional downward momentum and bolster the negative trend. On the other hand, if the price breaks past the resistance level around $0.00001086, it may indicate a possible positive reversal.</p>
<h2 class="wp-block-heading" id="strong-floki-battles-bearish-momentum-strong"><strong>FLOKI Battles Bearish Momentum</strong></h2>
<p>FLOKI has also been hit hard by the recent market downturn. <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow">The meme coin trades at $0.000138</a>, as of publication. This indicates a dip by 11.14% in the last day, with a trading volume of $370,039,659. The token remains above the critical support level of $0.0001333. Should the price break below this level, further losses may follow, adding to the existing bearish sentiment.</p>
<p>However, if FLOKI tests and breaches the resistance at $0.0001506, it could potentially reverse its downward trajectory, leading to a shift in momentum from bearish to bullish soon.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-bitcoin-price-dips-to-60k/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is The Crypto Market Down Today? Bitcoin Price Dips to $60K</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-liquidation-pressure-mounts-on-pepe-and-floki-strong"><strong>Liquidation Pressure Mounts on PEPE and FLOKI</strong></h2>
<p>According to BB Terminal’s analysis on X, both PEPE and FLOKI are experiencing mounting liquidation pressure. PEPE, in particular, is seeing clusters of liquidations as the price nears $0.00009, with a buildup just above $0.000012. This puts added pressure on long positions, further complicating the recovery prospects for the token.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FLOKI</a> and <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> are among the biggest losers in the last 24 hours, with both being down roughly -16%<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Here are the 1 week liquidation heatmaps for both on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a>: <a href="https://twitter.com/hashtag/FLOKI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FLOKI</a> liquidations are starting to built up above at around 0.18.<a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PEPE</a> liquidations are more clustered,… <a href="https://t.co/x1PnhVDaby" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/x1PnhVDaby</a></p>— BB Terminal (@BB_Terminal) <a href="https://twitter.com/BB_Terminal/status/1841468119199494488?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a>
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<p>FLOKI is also facing growing liquidation risks, with liquidations starting to accumulate around $0.00018. These developments signal increasing market tension, with both tokens struggling to maintain key levels amid the broader market decline.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/meme-coin-watch-pepe-and-floki-among-biggest-losers/" rel="noopener noreferrer nofollow">Meme Coin Watch: PEPE and FLOKI Among Biggest Losers</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Meme Coin Watch: PEPE and FLOKI Among Biggest Losers

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