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Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have suffered significant losses. These declines have outpaced those of major crypto assets like Bitcoin (BTC) and Ethereum (ETH), signaling a possible shift in investor sentiment within this unpredictable market segment.
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Bonk failed to breach a key resistance trend line, which would have resulted in the meme coin escaping further decline. However, looking at the descending wedge BONK is stuck in, it warrants another drawdown.
This sentiment is also shared by investors who place short bets on the meme coin.
PEPE price was noting a breakout from a descending wedge. However, this potential rally failed soon after, and the meme coin is now vulnerable to a decline.
Losing the support of $0.00000624 for good could result in the frog-themed token slipping to a two-month low.
BONK, a prominent meme coin within the Solana ecosystem, has witnessed a remarkable rally in a market that has recently been characterized by cautious optimism.
On Wednesday, BONK’s value surged to $0.00002753, marking its most substantial price point since the beginning of April.
In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme coins, particularly those with canine themes, have surged dramatically over the weekend.
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Milady Meme Coin (LADYS) has surged by over 300% this March, setting a new all-time high on Wednesday. Now, it ranks among the top 15 largest meme coins by market capitalization.
With a market cap exceeding $44 million, LADYS finds itself in 293rd place among cryptocurrencies.
Robinhood has broadened its trading offerings in Europe to include Dogwifhat (WIF), a meme coin based on Solana (SOL). This move comes after the token’s value surged nearly 200% within a week.
The inclusion of WIF on Robinhood signifies a pivotal moment for the token.
Solana-based meme coin Dogwifhat (WIF) experienced a nearly 50% surge in the last 24 hours, reaching a new local high of $0.5899. Additionally, Solana’s native token, SOL, saw a 10% increase and is now trading at $111.
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