As Bitcoin stopped falling, the previously quiet Meme market became active again, and Meme coins quickly soared to become the currencies with the largest gains! Dogecoin (DOGE) and Shiba Inu (SHIB) rose by 2.79% and 1.83% respectively. Pepe Coin (PEPE) has become one of the best performing currencies of the day, with a gain of 12.59% and a trading price of $0.00001312. In addition, dogwifhat (WIF) rose sharply by 9.67% and traded at $2.08.

About the Shiba Inu's recovery and future prospects

On June 14, Shiba Inu (SHIB) experienced a major decline, breaking through the support of the parallel channel and falling by nearly 24%. Although SHIB has rebounded slightly, it is still difficult to recapture the key support level. If Bitcoin continues to be strong, investors may push SHIB back to the support level of $0.0000209. Recovering this level is crucial to reach the valuation of $0.000038 or higher. On the other hand, if SHIB fails to break through, it may fall further to $0.000012 or even $0.0000099.

FLOKI COIN: Current Performance and Future Forecast

During the peak of FLOKI, many holders chose to hold on and missed the best exit opportunity. Currently, even in the downturn of the market, the increased demand for $0.000149 shows the confidence of investors. The next target of the bulls is to ensure a close above $0.000198. Success in reaching this level may target $0.0003006, which is the last resistance before setting a new all-time high. However, excessive selling pressure may pull FLOKI back to $0.000096.