Pepe

Bonk

<p>With the BTC price dropping below the psychological barrier of $63,000, top altcoins have experienced an increase in selling pressure. Moreover, the memecoin category has recorded the highest loss with ~$1 billion liquidated within a day.</p>  
<p>With this, questions like “Is this a crucial time to sell meme coins?” have recorded increased volume. Dive in as, in this article, we have covered the market analysis of the top 3 memecoins for this week.</p>  
<h2 class="wp-block-heading" id="h-pepe-pepe">Pepe (PEPE)</h2>  
<p>The PEPE price has dropped ~7% in the past 24 hours with a trading volume of $1.178 billion, a change of -1.78%. Moreover, it has lost ~15% over the past seven days. This highlights an increase in the bearish sentiment for the memecoin.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/08231643/image-92-1024x539.png" alt="Pepe 8 oct price analysis" class="wp-image-362356">
</figure>  
<p>The EMA 50/200-day shows a constant neutral trend in the 1D time frame. Further, the MACD indicator displays a negative action. This suggests a negative outlook for the Pepe memecoin during the upcoming time.</p>  
<p>If the bears continue gaining momentum, the Pepe crypto price could record a breakdown and retest its lower support level of $0.00000625. However, if the bulls gain power, it could head toward its resistance level of $0.00001150.</p>  
<h2 class="wp-block-heading" id="h-dogwifhat-wif">Dogwifhat (WIF)</h2>  
<p>Failing to hold the bullish momentum, the Dogwifhat price has plunged below the $2.5 mark with an intra-day correction of 5.39% and a trading volume of $731.63 million. Further, it has dropped 4.07% during the first week of October.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/08231721/image-93-1024x540.png" alt="WIF  8 oct price analysis" class="wp-image-362359">
</figure>  
<p>The Relative Strength Index (RSI) fails to breach its overbought range in the 1D time frame. Moreover, with its average trendline acting as a resistance, the WIF price may continue losing value in the coming time.</p>  
<p>Suppose, a bullish reversal occurs, the Dogwifhat price could head toward its important resistance level of $3.050. On the flip side, if the bearish sentiment intensifies, this could result in it plunging toward its lower support of $1.240.</p>  
<p>Wondering if the WIF price will hit $5? Our <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat Price Prediction</a> answers that and much more!</p>  
<h2 class="wp-block-heading" id="h-bonk-bonk">Bonk (BONK)</h2>  
<p>The BONK price has continued hovering close to its resistance/support level of $0.00002125 for about a short period. However, with a correction of 17.93% over the past week, this memecoin is one of the top losers of the previous week.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/08231747/image-94-1024x540.png" alt="Bonk  8 oct price analysis" class="wp-image-362361">
</figure>  
<p>The MACD indicator shows a neutral price action with its averages recording a similar trend. Moreover, with the SMA acting as a resistance to the Bonk price chart, this memecoin experiences weak buying-over-selling pressure in the market.</p>  
<p>Maintaining the price above its support level could prepare the Bonk memecoin to head toward its resistance level of $0.0000270. However, if the bears gain power, the Bonk coin price could retest its low of $0.0000150 this month.</p>

Crucial Time To Hold Memecoins As These Altcoins Turn Bearish?

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