- Meme coins collectively fell 4.7% in the last 24 hours, headed by Fartcoin, Pepe and Wif.
- Peppe expands losses below $ 0.0000100, while the test support $ 0.0000090 while the futures fall open interest.
- Dogwifhat gains speed, targets significant support at $ 0.70 as the open interest of the derivatives market becomes $ 334 million.
The Cryptocurrency Market experienced a rollercaster ride in June amidst geopolitical stresses and macroeconomic uncertainty. Despite the loss of Bitcoin (BTC) after Israel’s attack on Iran, the meme coin sector has seen a subordinate recovery, including the leading tokens on Thursday, including the Fartcoin (Fartcoin), Peppe (Pepe), and Dogwifat (WIF).
Mem coins Fartcoin, Pepe, Dogwifat expanded the loss
Collectively, Meme coins fell by 4.7% in the last 24 hours, while Bitcoin cost moreOn Thursday briefly over $ 108,000. Fartcoin and Dogwifhat continued to fall 7.5% in a 24-hour period, with a decline of 10%.
The meme coin segment indicates that traders are aligning with major crypto assets, such as traders are, such as the major crypto assets BitcoinAtherium (Ath), and Ripple (XRP), which continue most of the benefits earned this week.
Fartcoin on the verge of increasing negative risks
Fartcaoin is currently trading at $ 0.96, which maintains a 3% decline a day. The meme coin is capted under a 200-hour chart on a 12-hour chart under 200-period-term exponential moving average (EMA).
A Death cross pattern was formed when the 50-term EMA fell below the 100-term EMA on Monday, wearing the dominance of the recession and possibly the fartcoin was weighed towards the next major support area at $ 0.80, the final test was conducted on Sunday.
Fartcoin/USDT 12-hour chart
Nevertheless, a recovery attempt cannot be ruled out, showing signs of reversing one upward at 42 with a particularly relative power index (RSI). A potential swing above 50 midline may indicate rapid speed, paving the way for the benefit of $ 1.25 resistance tested on 17 June.
Peppe bull on the back leg
Pepe enhances a recession approach, which is about 2% a day to trade at $ 0.00000930. Since the meme coin fell from its peak of May of $ 0.00001632, it has shed around 43% of its value, highlighting the loss of interest in Pepe.
Pepe/USDT 12-hour chart
The coinglass derivatives market highlights the lack of trader activity in the data pepe, especially up to $ 491 million with open interest (OI) of the futures contract. Increase in a long -term liquidation in the last 24 hours by $ 1.31 million, compared to about $ 743,000 in a small position, suggests that the vendors have the upper hand.
PayPe futures open interest | Source: Curring Class
The least resistance route may remain downwards in the coming sessions, when a death cross pattern was formed, when the 50-period EMA crossed the 12-hour chart below the 200-term EMA. Temporary support levels to keep in mind include $ 0.00000750, which was last tested in early May, and $ 0.00000600, examined in April.
Dogwifhat enhances recession structure
Dogwifhat is trading at $ 0.75 after the price exceeds 5%. According to the data from the coinglass, its negative risk is at overdrive, the open interest of the derivatives market has been pronounced by 8.4% by $ 334 million.
The downtrand that has persisted since the WIF has persisted since WIF in May, resulting in continuous large -scale liquidation, has been lost for about 2 million dollars longer in the last 24 hours and about $ 375,000 less conditions.
Dogwifhat derivative market data | Source: Curring Class
Meanwhile, the moving average convergence/deviation (MACD) indicator, which is stuck below the zero line at a 12-hour chart since June 12, is ready to flash a selling signal, potentially promotes the risk-sense. When the Blue McD line crosses from the bottom of the red signal line, a cell signal appears.
WIF/USDT 12-hour chart
Major areas of interest for traders include the demand area on the middle border of the descending channel, $ 0.60, which was tested on Sunday, and the seller’s crowd at $ 0.51, was investigated as a support in the late May and early June.
Cryptocurrency price
