Analyst Predicts Bearish Trends for PEPE, SHIB, and FLOKI Amid Market Slump

Memecoin Trends: PEPE, SHIBA INU, AND FLOKI

Memecoins have exhibited divergent trends recently.

PEPE shows potential for a rebound despite bearish trends. Recent volume drops and RSI divergence suggest a potential test of support at $0.00001, which could trigger bullish activity.

Shiba Inu (SHIB) faces challenges with bearish key metrics, raising concerns about its market stability.

FLOKI's bullish momentum has been halted as it retests significant support levels. This carries the risk of further downside if the current trend persists.

Crypto analyst Crypto Knight highlights that despite the overall sluggish market, memecoins have shown varying fortunes. He believes PEPE may experience a bullish surge if it successfully holds above its support level.