🚨🚨 Bitcoin’s Key Resistance Rejection Hits Memecoins Hard!
📉 Memecoins Plunge
As the final days of September draw to a close, popular memecoins like SHIB, DOGE, and PEPE are facing sharp declines. With Bitcoin (BTC) experiencing a 3% drop in the last 24 hours, these memecoins have seen losses of around 5% each. The market’s once-optimistic outlook has quickly turned bearish.
🔥 Bitcoin’s Rejection at $66,200
Bitcoin’s recent failure to break past the critical $66,200 resistance has sparked major sell-offs. Historically, each rejection at this level has led to sharp corrections in the market. With BTC now trading at $63,600, the concern over a continued downtrend looms large.
🔑 Key Support Level for Bitcoin
Bitcoin’s next test lies at the $61,800 to $62,400 support range. If this level holds, we could see a pullback and a fresh bullish push. But if BTC fails to hold, expect further declines, which will likely drag SHIB, DOGE, and PEPE even lower.
📊 What’s Next for Memecoins?
As Bitcoin’s price dictates the market’s momentum, the performance over the coming days will be crucial for memecoins and altcoins alike. Traders should remain vigilant and watch closely for any signs of a rebound.
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