Meme coins bleeding across the board

The pieces even face a steep sale at all levels because Bitcoin remains stable.

The pieces even took a blow in the last 24 hours, with Dogwifhat (Wif), Ai16z (AI16Z), and Bonk (Flag) leading the drop among the largest tokens in the sector, according to Coinmarketcap. However, Bitcoin (BTC) is stable, down only 0.63% and 0.93% on daily and weekly deadlines respectively. This divergence highlights a common trend: speculative active ingredients such as coins thrive on momentum and overhaul. When the BTC is stable, the volume of exchange and the liquidity in the parts of memes often dry, resulting in a drop in prices.

AI16Z

The AI16Z daily graphic indicates a dominant downward trend, the price is currently at $ 0.32, below the simple moving average from 7 days to 0.34 $.

By examining the structure levels, the immediate area of ​​interest is the level of support for approximately $ 0.30 prices, which has been tested several times. If this support breaks, the following critical zone is between $ 0.27 and $ 0.28, an area where the price previously consolidated before trying a short -term rise movement.

The level of $ 0.40 is the next key resistance. This price previously rejected upward movements, indicating that sellers remain active. A more significant bullish change would require an escape higher than the beach from 0.45 to 0.50 $, an area that marked the start of the current decline trend.

Dogwifhat

Similarly, the Dogwifhat daily table table shows a downward trend in force, the SMA 7 days sloping down. WIF is currently negotiating at $ 0.60, which is less than $ 0.64 SMA. If the price can go beyond this level, the next resistance is in the range from $ 0.70 to $ 0.75.

The support contains about $ 0.60, a level that has been tested several times. If this level fails, a new drop in $ 0.55 is possible.

For a potential reversal, WIF should break and keep above the 7-day SMA while recovering the area from $ 0.70 to $ 0.75. Until this happens, the bears remain in control and the risk of additional decline persists.

Flag

Bonk is negotiated at $ 0.0000,1451, which is below 7 -day SMA of 0.00001557 $. Despite brief periods of lateral consolidation, in particular in mid-February, the price has struggled to exceed the 7-day SMA, which means that the sellers remain in control.

In terms of structure levels, the most immediate is about $ 0.00001400, a level that has been tested several times. If the price does not hold above this support, another downward movement could push it towards the range from 0.00001250 to $ 0.00001300, where the action of historic prices suggests a certain stability.

The region from 0.0000001750 to $ 0.00001800 represents a significant resistance zone where Bonk previously made high sales pressure. An escape above this level would indicate an inversion of potential tendency and would move the feeling towards a more neutral or optimistic perspective.

The sharp drop in the prices of memes parts is largely a reflection of the wider slowdown in the cryptography market, with almost all bleeding altcoins over the daily time. However, it is also true that the sector of the same has been particularly affected by recent events, in particular the Scandal.

“The feeling is now probably as weak, or even lower than during the collapse of the FTX”, ” said Nic Puckrin, founder of the coins.

Even before the recent scandal, analysts had already started to comment on the end of the same corner. For example, Ki Young Ju, CEO of Cryptochant, said This “finally, the market will enter the hollow of disillusionment, followed by years of progressive maturation”.