Cryptocurrency Market Witnesses Decline in Meme Coins

加密貨幣市場見證了 Meme 幣的下跌

The cryptocurrency market is experiencing a noticeable downtrend in meme coins. BTC and ETH have been key drivers of this decline. Meme coins like Dogecoin, Shiba Inu, and Pepe have underperformed as of June 18th, with a significant drop in trading activity.

加密貨幣市場的迷因幣正在經歷明顯的下降趨勢。 BTC 和 ETH 是造成這一下跌的主要推動因素。截至 6 月 18 日，Dogecoin、Shiba Inu 和 Pepe 等 Meme 幣表現不佳，交易活動大幅下降。

Market Outlook Weakens

市場前景疲軟

Traditionally, bull markets start with Bitcoin and Ethereum affecting altcoins later. However, in the recent market correction, Total3 (excluding BTC and ETH) reached $720 billion on June 5th before retreating.

傳統上，牛市始於比特幣和以太坊，隨後影響山寨幣。然而，在最近的市場調整中，Total3（不包括 BTC 和 ETH）在 6 月 5 日達到 7,200 億美元，然後回落。

As of publication, Total3 has declined by 19%, reaching $582.88 billion. This pullback has created a descending parallel channel on the daily chart, indicating a downtrend.

截至發稿，Total3 下降了 19%，達到 5,828.8 億美元。這次回調在日線圖上形成了一個下降的平行通道，顯示下降趨勢。

RSI Indicator Suggests Bearish Sentiment

RSI 指標顯示看跌情緒

The Relative Strength Index (RSI) fell below the overbought zone before reaching 70, indicating that investors were taking profits. An RSI of 70 suggests that altcoins are overvalued, often leading to a trend reversal or pullback.

相對強弱指數（RSI）在達到 70 之前跌破超買區域，顯示投資者正在獲利了結。 RSI 為 70 表示山寨幣被高估，通常會導致趨勢逆轉或回調。

Technical analysis shows a continued downtrend in altcoins, with Total3 moving within the descending channel. The RSI has also declined from 62 to 30 over two weeks, indicating strong bearish pressure.

技術分析顯示山寨幣持續下跌趨勢，Total3 在下降通道內移動。 RSI 也在兩週內從 62 下降至 30，顯示看跌壓力強勁。

Meme Coin Trading Volume Declines

Meme 幣交易量下降

In March, meme coins dominated the market. However, since then, a significant decline has occurred.

三月份，迷因幣主導了市場。然而，從那時起，出現了顯著的下降。

Dune Analytics data reveals that meme coin transactions across Ethereum and Solana dropped from a peak of $996.7 million in March to $30.35 million in the week ending June 14th.

Dune Analytics 數據顯示，以太坊和 Solana 的 Meme 幣交易量從 3 月的峰值 9.967 億美元下降到截至 6 月 14 日當週的 3,035 萬美元。

Dogecoin, the market leader, saw a 41% decrease in trading volume between April 17th and June 17th. Shiba Inu and Pepe have experienced declines of 68% and 34%, respectively.

市場領導者狗狗幣的交易量在 4 月 17 日至 6 月 17 日期間下降了 41%。柴犬和佩佩的跌幅分別為 68% 和 34%。