Memecoins Bleed as Markets Turn Red: Will Pepe, FLOKI, and BONK Price Overcome 12% Losses?

Memecoins Suffer Amid Market Decline: Can Pepe, FLOKI, and BONK Recover from 12% Losses?

As markets turn bearish, memecoins have witnessed a significant sell-off. The decline in Bitcoin's price below $65,000 triggered a market-wide reaction, impacting top tokens such as Pepe, FLOKI, and BONK.

Pepe (PEPE) Price Hovers Near $0.00001

After reaching highs of $0.000017, PEPE has faced bearish pressure. It has fallen below the crucial support level but is expected to find support in the coming days, potentially halting the decline and providing a base for a rebound.

Despite the bearish sentiment, PEPE remains in a bullish pattern. It is approaching a trend line and may attempt a rebound. However, failure to break above $0.00001093 could result in a further decline to $0.00000909.

Is FLOKI (FLOKI) Poised for a Recovery?

FLOKI's price has suffered a significant downturn after failing to break its all-time high. It has lost nearly 50% in recent days and is approaching a key support zone between $0.00012 and $0.0004.

The RSI indicates bearish momentum, but the price may find support and initiate a rebound. A break below $0.000095 could signal new lows, while a recovery above current levels would suggest a bullish reversal.

Bonk (BONK) Breaks Support

BONK has fallen into a critical support zone between $0.000023 and $0.000022. A bearish close could trigger a pullback to $0.000019. Technical indicators point to a potential downtrend.

However, a squeeze in volume could lead to a bullish breakout. Once BONK finds support at $0.00001909, it may experience an upswing above $0.000025.