Beware of the risk of MEME coins facing a zero value:
SOL/BTC is forming a massive triangular oscillation pattern, currently at risk of breaking downwards. Once confirmed, a drop below this level could be a fatal blow to MEME coins, potentially leading to a significant devaluation of many MEME coins.
Since its historical high, SOL has failed to maintain strength, instead showing weakness, with the SOL to BTC exchange rate continuously declining and funds flowing out.
In this scenario, ETH and SUI may benefit, leading to a transfer of market funds, resulting in a situation of mutual rise and fall.
