Memecoins bleeds over the board

Memecoins face a steep sale over the board because Bitcoin remains stable.

Memema coins have taken a sharp hit in the last 24 hours, with Dogwifhat (Vif), AI16Z (AI16Z) and Bonx (Stifle) Leading rejection among the largest tokens sectors, according to Coinmarketcap. However, Bitcoin (Btc) Stay stable, down for only 0.63% and 0.93% on day and weekly time frames. This divergence emphasizes the common trend: speculative means like Meme coins succeed at the moment and hype. When the BTC is stable, the volume of trading and liquidity in Meme coins are often dried, leading to price reduction.

AI16Z

AI16Z’s daily chart indicates the predominant bear trend, with a price currently standing at $ 0.32, under 7-day simple movement of $ 0.34.

Looking at the structure levels, immediate areas of interest is the level of support at about $ 0.30 price, which was tested multiple times. If this interrupt support, the next critical zone is between 0.2,2 and $ 0.28, in which the price is previously consolidated before trying a short-term move up.

Level 0.40 USD stands as the next key resistance. This price previously refused moves upwards, indicating that the sellers are active there. For a more significant way, it required breaking over a range of 0.45 USD in the amount of $ 0.45, areas that marked the beginning of current trends.

Dogvifhat

Similarly, the daily price sheet for DogVifhat shows the prevailing decline, with 7-day SMA slopes down. From now on, VIF trades $ 0.60, which is below 7-day SMA from $ 0.64. If the price can pass next to this level, the following resistance lies in the range of $ 0.70 from $ 0.75.

Support is holding about $ 0.60, a level that has been tested repeatedly. If this level fails, a further drop in $ 0.55 is possible.

For a potential reversal, VIF should break down and maintain above 7-day SMA while narrated $ 0.70 from $ 0.75 zones. While this does not happen, the bears remain under control, and the risk of further declining still exist.

Stifle

Bonk is traded of 0.00001451 USD, which is below 7-day SMA in the amount of 0.0000151557 dollars. Despite the short periods of lateral consolidation, especially in mid-February, the price struggled to break over the 7-day SMA, which means that the sellers remain in control.

In terms of structure levels, the most famous is about 0.00001400 dollars, a level that has been tested multiple times. If the price does not hold on top of this support, further moving can be pressed by $ 0.00001250 – $ 0.00001300, where the historical price of action suggests some stability.

0.00001750 $ – $ 0.00001800 The region represents a significant resistance zone in which Bonk previously faced with strong sales pressure. The breaking over this level would point to a potential trend reversion and shifting feelings towards a neutral or bullish perspective.

A sharp drop in memory prices is greatly reflected by the wider cryptic market, with almost all Altcoys bleeds at the daylight. However, it is true that the coin coin sector is particularly affected by recent events, which is most familiar Vaga Scandal.

“Sentiment is now low or even lower than during FTX collapse” said NIC PUCKRIN, founder of the money office.

And before the recent scandal, analysts have already started commenting at the end of the coin Meme. For example, Ki Young Ju, General Manager of Kruptocuant, said It “in the end, the market will enter the use of disappointment, and then the years of gradual maturation.”