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$BAKE Bearish setup 📉 Neutral on the weekly, we can expect a retest of the 0.2250 - 0.220 $ support again. #bake #trading #crypto #altcoins #ETHETFS #buythedip #BlackRock #Memecoins #BTC

$BAKE

Bearish setup 📉

Neutral on the weekly, we can expect a retest of the 0.2250 - 0.220 $ support again.

#bake #trading #crypto #altcoins #ETHETFS #buythedip #BlackRock #Memecoins #BTC

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Meme Coins Waking Up, But Struggling Hard to Leave the Rest of the Crypto Market in the Dust 💵💵💵💵💵💵💰💰💵💵💵💵💵💵💵💵 Memecoins like Dogecoin, Shiba Inu, and Pepe are currently experiencing weak price recovery, diverging from the recent downward momentum seen in the cryptocurrency market. According to data from CoinGecko, the total market capitalization of memecoins has fluctuated by about 4-7% in the last 24 hours, leaving crypto watchers hanging in the balance. Phewwwww!💸 Among the notable gainers, Pepe (PEPE) made the sharpest recovery with a 21% rise, followed by Floki (FLOKI) with a 14% surge, and DogWifHat (WIF) riding up by 8%. Even the leading meme token, DOGE, saw a 7% increase, bringing its market cap to ~$22 billion. Impressively, DOGE still commands a significant chunk, nearly 41%, of the memecoin market share.💸 Its competitor, SHIB, is also facing a bullish correction, up 6% on the day, with its market cap now at ~$14 billion, securing its spot as the second most popular memecoin. What's driving the recently witnessed downturn in memecoins? 1. Weak Altcoin Market Structure: Traders have been cashing in profits, especially as the Relative Strength Index (RSI) signaled overvaluation.💸 2. Declining Memecoin Trading Volumes: Data from Dune indicates a significant drop in memecoin transaction volumes across all blockchains. This suggests a diminishing interest or confidence among traders. Individual memecoins like DOGE, SHIB, and PEPE have seen drastic declines in trading volumes, indicating a waning enthusiasm in the sector.💸 3. Market Sentiment Shifts: The recent US Federggesting a decreased likelihood of interest rate cuts in 2024 has sparked a risk-off sentiment in the crypto market. With the US economy showing signs of strengthening, investors are turning towards safer assets like U.S. Treasuries. Consequently, investors may be reallocating profits from memecoins to other sectors within the crypto ecosystem.💸 Remain vigilant. DYOR! #Memecoins #altcoins #BinanceLaunchpool #BTC #BTC
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💵💵💵💵💵💸💵💵💵💸💵💵💵💸💵💵 🔥💥The Founder of Binance responded to the new allegations as follows: "But no one who tries this can even come close to me ..." she said.💰 While the news of the Wall Street Journal from the US media made a mark on the crypto world today, #Binance responded to the allegations, #YiHeBinance , one of the founders of the stock exchange, said, "There is a struggle full of Deceptions among market makers. The person who gives the money can get any advertisement he wants. But anyone who tries this can't even get close to me..." he said.💰 The claim that Binance fired a manager of the crypto tracking team on the grounds that he detected some manipulations was answered by Yi He, one of the founders of the exchange.💰 “We are very strict about this” Stating that they have no stance against any fund, Yi He used the following statements: “We are closely monitoring the Deconfliction between the market makers. We are very strict about this. We do not have a prejudicial stance against any fund. The struggle between market-making companies is very Deceptive and involves suspicious movements. The person who gives the money can make the advertisement he wants, the way he wants. You can buy whatever you want, but no one can come to me with these. They can't even get close... We, ourselves, will continue to behave fairly and ensure that there is confidence in this justice. We will also transfer all the facts to the authorities.”💰 #BinanceLaunchpool #altcoins #buythedip #BTC #bitcoinhalving
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