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

Memecoins have plunged hard since the early trading hours after the tokens failed to maintain a bullish trend during the weekend

Memecoins encountered a bearish start to the week with a collective market cap loss of over 5% and a soaring trading volume of above 18% in the past 24 hours. This price action comes as Bitcoin lost one of its important supports at $63,500, causing the price to drop below $62,500.

Among the top memecoins, PEPE, WIF, FLOKI, BONK, and BOME crashed hard in the early trading hours. These tokens failed to maintain a bullish trend during the weekend, leading to a significant drop in their prices.

With market sentiments turning bearish, what can we expect from these memecoins by the end of the month? Let’s find out.

Pepe (PEPE)

After a strong rally that began last week, PEPE encountered a bearish start to the new trading week. The token lost one of its crucial supports at $0.000024, which caused a price drop below $0.000022. This move might lead to a further bearish trend by the end of the month.

dogwifhat (WIF)

After displaying a bullish start to the new trading week, WIF encountered a selling pressure that might lead to a bearish trend by the end of the month. The token lost one of its crucial supports at $0.000008, which caused a price drop below $0.000006.

FLOKI (FLOKI)

After displaying a bullish start to the new trading week, FLOKI encountered a selling pressure that might lead to a bearish trend by the end of the month. The token lost one of its crucial supports at $0.000022, which caused a price drop below $0.000020.

BONK & BOME prices have also displayed a similar trade setup with a drop in selling pressure. Therefore, apart from the top memecoins like DOGE & SHIB, PEPE & FLOKI, the newly launched tokens seem to have gathered huge attention and as a result, they may initiate a fresh bullish spell very soon.

News source：https://www.kdj.com/cryptocurrencies-news/articles/memecoins-bleeding-pepe-wif-bonk-bome-floki-crash-hard-expect-month.html

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