Cryptocurrency Market Witnesses Decline in Meme Coins

加密货币市场见证了 Meme 币的下跌

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.

加密货币市场的模因币正在经历明显的下降趋势。 BTC 和 ETH 是造成这一下跌的主要推动因素。截至 6 月 18 日，Dogecoin、Shiba Inu 和 Pepe 等 Meme 币表现不佳，交易活动大幅下降。

Market Outlook Weakens

市场前景疲软

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.

传统上，牛市始于比特币和以太坊，随后影响山寨币。然而，在最近的市场调整中，Total3（不包括 BTC 和 ETH）在 6 月 5 日达到 7200 亿美元，然后回落。

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.

截至发稿，Total3 下降了 19%，达到 5,828.8 亿美元。这次回调在日线图上形成了一个下降的平行通道，表明下降趋势。

RSI Indicator Suggests Bearish Sentiment

RSI 指标显示看跌情绪

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.

相对强弱指数（RSI）在达到 70 之前跌破超买区域，表明投资者正在获利了结。 RSI 为 70 表明山寨币被高估，通常会导致趋势逆转或回调。

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.

技术分析显示山寨币持续下跌趋势，Total3 在下降通道内移动。 RSI 也在两周内从 62 下降至 30，表明看跌压力强劲。

Meme Coin Trading Volume Declines

Meme 币交易量下降

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

三月份，迷因币主导了市场。然而，从那时起，出现了显着的下降。

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 数据显示，以太坊和 Solana 的 Meme 币交易量从 3 月份的峰值 9.967 亿美元下降到截至 6 月 14 日当周的 3035 万美元。

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.

市场领导者狗狗币的交易量在 4 月 17 日至 6 月 17 日期间下降了 41%。柴犬和佩佩的跌幅分别为 68% 和 34%。